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They most certainly did https://en.wikipedia.org/wiki/United_Kingdom_government_austerity_programme https://en.wikipedia.org/wiki/United_Kingdom_government_aus
by jahnu 2y ago
They 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/...