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- Title
The spirit of '45? Austerity then and now.
- Authors
Tomlinson, Jim
- Abstract
The article focuses on the austerity program of the British government during 1945 to 1951. It discusses the definition of austerity in the 1940s which focused on controlled private consumption and the transfer of resources from the war efforts to civilian uses. It highlights the reasons behind the austerity strategy, namely to correct the balance of payments and to invest for economic expansion. An overview of the expanding welfare provision and education during the period is also included.
- Subjects
UNITED Kingdom; AUSTERITY; BRITISH economic policy -- 1945-1964; CONSUMPTION (Economics); BALANCE of payments; ECONOMIC expansion; WELFARE economics
- Publication
Renewal (0968252X), 2013, Vol 21, Issue 2/3, p46
- ISSN
0968-252X
- Publication type
Article