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How Labour steered an economy going global

Martin Wolf

Published: September 17 2006 19:03 | Last updated: September 17 2006 19:03

Markets are part of advancing the public interest and the left are wrong to say they are not; but also markets are not always in the public interest and the right is wrong to automatically equate the imposition of markets with the public interest. – Gordon Brown, speech to the Social Market Foundation, February 2003

By their fruits you shall know them. After more than nine years in power, the meaning of New Labour is to be found not just in what its leaders have said but in what they have done. What they have produced is indeed something new, at least for the UK.

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