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UKs austerity dates back to Thatcher.
by RosanaAnaDana 3y ago
UKs austerity dates back to Thatcher.
- trumpeta 3y agoThey were making austerity jokes in Yes Minister!
- panick21_ 3y agoBritain had discussion about Austerity by different names for literally 500 years at least.
- rayiner 3y agoBut the asserted poverty of the U.K. does not. In reality, the U.K. peaked in the mid 20th century. Its per-capita GDP lagged behind France from 1975 to 1998. There was a brief finance-driven rally from the late 1990s to the 2008 recession. But the overall pattern seems to be the U.K. having become a has-been European country, just like France, Italy, Spain, etc., since the mid 20th century.