(p. A8) MANCHESTER, England–U. K. Treasury chief Philip Hammond on Monday offered a staunch defense of free-market capitalism in Britain, in a speech that underscores the disquiet in the ruling Conservative Party over the rise of the country’s left-wing opposition leader.
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“By abandoning market economics, Corbyn’s Labour has abandoned the aspirations of ordinary working people,” Mr. Hammond said.
Mr. Hammond’s appeal comes amid signs voters in the U.K. are moving away from the embrace of free markets that was ushered in by Margaret Thatcher in the 1980s and broadly sustained by Labour under Tony Blair.
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A survey of 2,000 adults published Friday [Sept. 29, 2017] by polling firm Populus for the Legatum Institute, a free-market think tank, found widespread public support for nationalizing railways, utilities and banks.
For the full story, see:
Jason Douglas. “U.K. Official Defends Free-Market Capitalism,” The Wall Street Journal (Tues., Oct. 3, 2017): A8.
(Note: ellipses, and bracketed date, added.)
(Note: the online version of the story has the date Oct. 2, 2017, and has the title “U.K. Treasury Chief Defends Free-Market Capitalism Against Resurgent Opposition,”)