It seems is even the official name.. Source: https://en.wikipedia.org/wiki/United_Kingdom_government_austerity_programme https://en.wikipedia.org/wiki/United_K

It seems is even the official name.. Source: https://en.wikipedia.org/wiki/United_Kingdom_government_austerity_programme https://en.wikipedia.org/wiki/United_Kingdom_government_aust... "The United Kingdom government austerity programme is a series of sustained reductions in public spending, intended to reduce the welfare state." "The programme was initiated in 2010 by the Conservative and Liberal Democrat coalition government. Its original stated goal was to, "achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period." At the June 2010 budget, the end of the forecast period was 2015-16. However, in 2014 the Treasury extended the proposed austerity period until at least 2018."