Embattled British Prime Minister Gordon Brown won some backing from a Nobel Prize-winning economist today, who said the UK economy looked to be faring the best in Europe. Princeton University economics professor Paul Krugman praised Mr Brown's handling of the banking crisis and his economic policies as "intelligent". "I think the UK economy looks the best in Europe at the moment," he told The Observer. "The fact of the matter is that Britain did manage to stabilise the banking system." He added: "If the government can hold off having an election until next year, Labour might be able to run as 'the people who brought Britain out of the slump'."
Princeton University economics professor Paul Krugman praised Mr Brown's handling of the banking crisis and his economic policies as "intelligent".
"I think the UK economy looks the best in Europe at the moment," he told The Observer. "The fact of the matter is that Britain did manage to stabilise the banking system."
He added: "If the government can hold off having an election until next year, Labour might be able to run as 'the people who brought Britain out of the slump'."
