If he were honest, he'd display a little more about the current accounts deficit, but he's a hack.
If he were honest, he'd display a little more about the current accounts deficit, but he's a hack.
He's saying that Thatcher lay the foundations of today's British trade deficits, given that her trade policies, as well as her rejection of government subsidies for private industry, are now settled policy whether Labour or Conservative governments are in power.