The most important general election in a generation,” as British Prime Minister David Cameron rates it, is no such thing. The last one, in 2010, mattered more. With the euro succumbing to its design faults, Britain had to decide how quickly to trim a fiscal deficit that weighed in at 11 per cent of national income.
The skies are clearer now, if not cloudless. And while voters face a choice on May 7 about the size and contours of the state, the choice is not as polar as it was before the governing Conservatives softened their plans in the recent budget.