Politics 16 February 2010 An economics lesson from the NS William Rees-Mogg has been reading our leaders. Print HTML It's nice to see that the venerable William Rees-Mogg has been reading our leaders. In his latest Mail on Sunday column the former Times editor writes: The leading left-wing weekly in Britain is the New Statesman. At the beginning of the month, the heading of its editorial article was: "We are still teetering on the edge of a perilous cliff." The text points out: "Mr Brown boasted that Britain was better placed than most of its competitors to cope and then recover. In fact, we have emerged from recession much slower than Germany, France, Spain, Japan or the United States." That is, unfortunately, the truth. You can read the relevant leader in full here. In his fascinating interview with LabourList today, James Purnell suggests that Gordon Brown still has a good claim to re-election based on his success in preventing the recession turning into a depression. But, as our leader suggests, voters are still more likely to remember him as the man who boasted that he had abolished boom and bust as chancellor, only to lead us into the deepest postwar recession as Prime Minister. Follow the New Statesman team on Twitter. › Web Only: the best of the blogs George Eaton is political editor of the New Statesman. Subscribe More Related articles Today's immigration figures show why the net migration target should be scrapped Labour's purge: how it works, and what it means Could Jeremy Corbyn lose after all?