Word: labour
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...Since Brown became Prime Minister at the end of June, he and his ministers have handled terror attacks in London and Glasgow, and serious flooding in several parts of the country. His sobersided approach has struck a chord with the electorate, and polls detect a "bounce" in support for Labour since Brown's arrival, which has fueled talk of a snap election as early as this fall to give Brown his own mandate. That's an especially tempting prospect for Labour after the Conservative opposition mishandled the flooding. Tory leader David Cameron chose to complete a fact-finding tour...
...promise he'll need to keep. The economic consequences of a bungle would be severe, and the political repercussions could be just as enduring. A general election planned for May 2001 was postponed as Blair's government struggled to get FMD under control. Although Labour won at the delayed polls, its reputation had been tarnished. That's not an outcome the new Prime Minister will be prepared to countenance...
...policy as "pants.") Yet a change of style might compromise his disarming ability to disguise his intellectual firepower and connect with people, a rare gift shared with his mentor Tony Blair. Appointed Blair's head of policy in 1994 and an author of the election manifesto that helped sweep Labour to power three years later, Miliband is already a Labour eminence, if not yet a gray one. After winning a parliamentary seat in 2001, he was rapidly promoted by Blair, who once compared his precocious protégé to Wayne Rooney. The lanky, bookish Cabinet Minister may not seem...
...Jewish intellectuals who fled the Holocaust - his father was a Marxist theoretician, his mother a political activist - his was a childhood marinated in debate. He emerged, he says, as a "conviction politician," and - like his younger brother Ed, also a member of Brown's Cabinet - a Labour man to his bones. "Politics is about which side of the fence you're on," he says, "and I've always been clear about that...
...business lobby group, expects consumer spending to grow 2.8% this year. Next year, it says, that figure could slip to 2.1%. Economic growth won't escape unharmed, either. The threat of rising rates triggering a downturn is "greater today than it has been in the 10 years Labour have been in power," says Adrian Cooper, managing director of consultants Oxford Economics. So while economists are penciling in growth of 2.7% this year, expansion in 2008 could tumble to 2% says Karen Ward, U.K. economist at HSBC in London. "The new Chancellor," Ward adds, "is going to have to modify...