Austerity: how an ideological project failed on its own terms

Faced with the political and economic cost of spending cuts, even the Conservatives are being forced to retreat. 

One of the historic strengths of the Conservative Party has been its pragmatism and capacity to adapt. Depending on circumstance, the Tories have been Europhile and Europhobic, statist and  laissez-faire, isolationist  and interventionist.

In her party conference speech on 3 October, Theresa May suggested that another metamorphosis is at hand. “A decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off,”...
source: New Statesman

2018-10-11 12:17
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