Liberal Conservatism: Difference between revisions
→File:Fiscon.png Austerity
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=====[[File:Fiscon.png]] '''Austerity'''=====
Austerity is a fiscal policy that was promoted by David Cameron following the Great Recession. The term was used by the [[File:
Cameron claimed that austerity served as a deficit reduction programme consisting of sustained reductions in public spending and tax rises, intended to reduce the government budget deficit and the role of the welfare state in the United Kingdom. Some commentators accepted this claim, but many scholars have observed that in fact its primary, largely unstated aim, like most austerity policies, was to restore the rate of profit.
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