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ENGINE FOR GROWTH

Alistair Darling’s critique of the government’s economic policy (March) is misguided. A year ago, Britain’s AAA credit rating was under threat because of Labour’s economic mismanagement. As Lord Myners put it last August: “the mistake we made as a government was to run large deficits in the middle part of the decade when the economy was clearly running at full capacity.”

George Osborne had no choice but to come up with a comprehensive deficit reduction plan—not to merely halve the deficit over four years, but eliminate it. The government has also set up the office for…

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