Britain Votes and Reality Waits

Whatever the outcome of Britain's general election on May 6, the next government will face a daunting challenge. It is not just that tough measures will be need to rein in public spending for years to come, but, more worryingly, that many voters seem to be in denial about that fact.

LONDON – I don’t mean to sound as though I am bragging, but the last time the Conservative Party won an election in Britain was 1992, when John Major was Prime Minister. The chairman of the party at the time, running the winning campaign, was me.

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