Coherent vision not populist policies needed from opposition parties

Tapping into voter anger is a good election strategy, but the consequences of mere populist policies for the economy could be very serious, writes Business Editor John Walsh.

‘THERE is no alternative” is the much quoted and often derided phrase coined by former British prime minister Margaret Thatcher in the 1980s.

The Iron Lady’s injunction was intended to copper-fasten deregulation and an unconditional faith in the free markets as the only system of governance that could deliver prosperity.