Letters: many are waiting for the Tory comeback
Con’s the word Sir: In his article ‘Neo con’ (6 June) Michael Simmons claims that neoliberalism powered this country into the 21st century as the fastest-growing large economy in Europe. It didn’t; it was the North Sea that fuelled the UK’s growth, the UK being the only large European economy gifted by geology with major oil and gas fields. Comparing the UK and Norway over this period is enlightening. The UK, believing in neoliberalism, sold off its national oil company BNOC and trusted in ‘the market’, while Norway, wanting a direct stake in its substantial oil and gas resource, created the state-owned company Statoil to manage it.
