From:                                         The Economist this week <>

Sent:                                           Donnerstag, 5. Dezember 2019 18:53

To:                                               IHS Library

Subject:                                     Britain’s nightmare before Christmas


Next week’s election is the most important for many years, and one which the Liberal Democrats will not win. So why back them? There is both a principled reason and a practical one





December 5th 2019

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The Economist this week





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Our cover this week is on the most important election in Britain for many years. Voters face a stark choice between Boris Johnson, whose Tories promise a hard Brexit, and Jeremy Corbyn, whose Labour Party plans to “rewrite the rules of the economy” along radical socialist lines. Mr Johnson runs the most unpopular new government on record; Mr Corbyn is the most unpopular leader of the opposition. That leaves a low bar for the Liberal Democrats and, for all their faults, they clear it. Their economic approach is the most sensible; on climate change and social policy they strike the best balance between ambition and realism. Yet they will not win. So why back them? The principled reason is that the Lib Dems are closest to the liberalism on which this newspaper was founded. But there is a practical reason, too. Voters worry that backing the Lib Dems plays into Mr Corbyn’s hands. However, our modelling suggests that votes and seats would come from both the main parties. A Lib Dem surge would be the best way to restrain whoever ends up in Downing Street.




Zanny Minton Beddoes, Editor-in-Chief










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The world this week






The prime minister of Malta, Joseph Muscat, said he would stand down, though not until January, as allegations over the murder of an investigative journalist who had been looking into official corruption threatened some of his closest associates.






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UniCredit, Italy’s biggest bank, said it would cut 10% of its workforce, close 500 branches and take other measures to cut costs, as it seeks approval for a €2bn ($2.2bn) share buy-back programme. After years of paltry profits, it is rare for a European bank to return cash to investors; UniCredit must convince the European Central Bank that it can do so without weakening its capital buffers.






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Dear reader: Next week’s copy of The Economist goes to press before the results of Britain’s general election will be known. Subscribers with digital access will be able to read a special election edition on our apps on December 13th. And all subscribers will be able to read our analysis of the results free online at













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