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Didn't the Tories run on making things worse 13 years ago (austerity)? Thanks to COVID, Brexit, and the war in Ukraine, they have succeeded beyond anyone's wild
by akiselev 4y ago
Didn't the Tories run on making things worse 13 years ago (austerity)? Thanks to COVID, Brexit, and the war in Ukraine, they have succeeded beyond anyone's wildest dreams.
- jen20 4y agoActually no, they did not run on that. They ran on a platform of “sharing the proceeds of growth”, and then changed their mind after getting into office. I believe the outgoing minister left a (lighthearted?) note saying “I’m afraid there is no money left”, which was used as a partial justification.
- theGnuMe 4y ago08 financial crises the uk went full austerity and basically missed out on the economic boom.
- jen20 4y agoThis is untrue: the austerity era did not begin until 2010, after the general election.
- lgkghfjhgjhfg 4y agoUS went on austerity too but it didn't stop them their economic boom.
- theGnuMe 4y agoNot true. The uk did, USA did not. https://carnegieendowment.org/2011/03/24/tale-of-two-polities-uk-and-u.s.-fiscal-policy-pub-43229 https://carnegieendowment.org/2011/03/24/tale-of-two-politie...
- lgkghfjhgjhfg 4y agoIt is true. https://en.wikipedia.org/wiki/Austerity#United_States https://en.wikipedia.org/wiki/Austerity#United_States https://en.wikipedia.org/wiki/Budget_Control_Act_of_2011 https://en.wikipedia.org/wiki/Budget_Control_Act_of_2011