Mediocre results of the British Labour Party

British Prime Minister Gordon Brown last week announced that parliamentary elections would be held on May 6. Bruno Amable, associate researcher at the Paris School of Economics, takes a critical view in the left-liberal daily Libération of the Labour governments under Gordon Brown and Tony Blair: "Over the last 13 years Britain has cast itself in the role of economic and political model. Its leaders maintained that Britain had found a magic formula to elude 'euro-sclerosis', lower unemployment and revive growth. ... Despite all that, New Labour's economic performance is nothing to brag about. In terms of volume Britain's average GDP growth between 1997 and 2009 lay at 2.1 percent, a mere 0.3 percent above the very modest French figure for the same period."

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