London: The Economist declared its support
on Thursday for opposition leader David Cameron`s Conservatives to
oust Prime Minister Gordon Brown`s Labour Party in elections
The influential weekly said Brown has been given too
little credit for his achievements during the global financial
crisis, but said he was "largely responsible for Britain`s
fiscal mess and New Labour has run out of steam."
It also welcomed the surge in support for the Liberal
Democrats, long the third force in British politics but which
has surged into second place in polls ahead of the election
"In this British election the overwhelming necessity of
reforming the public sector stands out," it said, citing the
"terrifying" budget deficit of 11.6 per cent of GDP, and that
public spending accounts for over half the economy.
"For Britain to thrive, this liberty-destroying
Leviathan has to be tackled. The Conservatives, for all their
shortcomings, are keenest to do that; and that is the main
reason why we would cast our vote for them," it wrote.
The endorsement came exactly a week before the May 6
polls, in which Brown -- who succeeded Tony Blair in 2007 --
is struggling to cling on to power after 13 years of Labour
The Tories are ahead in polls, although their once
double-digit lead has narrowed in recent months, while the Lib
Dems have moved into second place after their leader Nick
Clegg`s performance in the first of three TV debates.
The Economist welcomed the "thrilling" Lib Dem surge,
saying: "This newspaper has been looking for a credible
liberal party in Britain for nigh on a century," while noting
that it disagreed with some of his policies.