Economy: Austerity, What is it Good For?

Absolutely nothing appears to be the answer as the IFS reports that after years of painful austerity, the UK’s level of public spending is today no lower as a share of national income than it was after 11 years of a Labour government in 2008.

http://www.independent.co.uk/news/uk/politics/uk-public-spending-same-2008-ifs-ten-years-austerity-national-income-labour-tory-government-a8023511.html?S2ref=1677383#commentsDiv

Surely the Tory’s economic credibility has to be questioned quite seriously?

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