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- Title
Austerity as Statecraft.
- Authors
Gamble, Andrew
- Abstract
After 2010 George Osborne put deficit reduction and control of debt at the centre of his economic strategy, announcing a much more radical fiscal retrenchment than the plan inherited from Alastair Darling. The key reason for this was political. Osborne sought to redefine the terms of the debate on economic policy, enabling the Coalition to blame the recession on Labour and to create a new narrative to bolster its claim to economic competence. He failed to achieve his fiscal targets, but his statecraft was highly successful, allowing him to claim the credit when recovery finally started in 2014.
- Subjects
UNITED Kingdom; AUSTERITY; OSBORNE, George, 1971-; BRITISH economic policy, 2010-; PUBLIC spending; BUDGET deficits; ECONOMIC conditions in Great Britain, 1997-; POLITICAL attitudes
- Publication
Parliamentary Affairs, 2015, Vol 68, Issue 1, p42
- ISSN
0031-2290
- Publication type
Article
- DOI
10.1093/pa/gsu016