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The UK did not choose austerity: https://commonslibrary.parliament.uk/research-briefings/sn06167/ https://commonslibrary.parliament.uk/research-briefings/sn06.
by graemep 2y ago
The UK did not choose austerity:
https://commonslibrary.parliament.uk/research-briefings/sn06167/ https://commonslibrary.parliament.uk/research-briefings/sn06...
but still has worse growth than the US.
- robbie-c 2y agoCan you explain how your link supports your argument? The conservatives ran austerity-based policies for the last 14 years. Is your argument that they did not have a choice?
- UK-AL 2y agoHave you seen the national debt under the conservatives? It's massively increased.
- nd 2y agoThe UK government did, for all intents and purposes, choose austerity after the pandemic: https://en.m.wikipedia.org/wiki/United_Kingdom_government_austerity_programme https://en.m.wikipedia.org/wiki/United_Kingdom_government_au....
- jahnu 2y agoThey most certainly did https://en.wikipedia.org/wiki/United_Kingdom_government_austerity_programme https://en.wikipedia.org/wiki/United_Kingdom_government_aust... What they didn't do, unlike PIGS, was also tough reforms which are paying back now https://www.reuters.com/breakingviews/flying-piigs-nations-stir-rethink-europes-core-2024-08-12/ https://www.reuters.com/breakingviews/flying-piigs-nations-s...
- HPsquared 2y agoThe Conservative party used austerity rhetoric as a way to win votes, but they did not cut spending other than reversion to the mean after the high spending around 2008. See here for international comparison of government spending as % of GDP (the second figure showing trends over time), UK is not an outlier: https://www.imf.org/external/datamapper/exp@FPP/USA/GBR/CZE/DEU/FRA https://www.imf.org/external/datamapper/exp@FPP/USA/GBR/CZE/...