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08 financial crises the uk went full austerity and basically missed out on the economic boom.
by theGnuMe 4y ago
08 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