There’s much talk of the “instability” of this new government. I wonder. The closest area of coalition cooperation looks to be Britain’s debt emergency. The Liberals are under-represented in defense/national security portfolios and over-represented in economics and finance. That seems to imply that the Liberals and Conservatives share a similar sense of urgency about Britain’s horrific budget deficit. Frankly, it would be interesting to know how much even the new leadership of the Labour party disagrees. Britain is not Greece, debt repudiation is not an acceptable option. I’m wondering if the real model for Britain’s next decade is not Canada’s 1990s, also a time of governments that were weak on paper, but that were able to act strongly, because their opponents tacitly approved and accepted their most important decisions.
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