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The mill stone around contemporary Britain’s neck
A wealth of information is let down by the final conclusions, writes WILL PODMORE
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Bankruptcy, bubbles and bailouts: The inside history of the Treasury since 1976
by Aeron Davis
Manchester University Press £16.99


THIS is a splendid survey of a key department of state. The Treasury dominates the state machine.

What is its purpose? The record shows that it consistently opposes our national industries, regional development, central planning, and much-needed infrastructure projects.

By contrast it always gives foreign companies incentives to move to Britain — regional development aid, free enterprise zones, free ports. It backs international finance against national industry.

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