Financial Times FT.com

Lofty ideals give way to thwarted hopes

By Chris Giles, Economics Editor

Published: December 2 2009 23:01 | Last updated: December 2 2009 23:01

When Gordon Brown swept into 11 Downing Street 12 years ago he knew the kind of economy he wanted to create.

With a certainty born not only of his own unyielding force of personality but Labour’s mountainous majority he defined the new government’s mission in a soundbite: to marry fairness with enterprise.

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