Austerity explained: the case against cuts | General Election 2015

The coalition government came to power in 2010 promising to deliver a stable economy and reduce Britain's deficit.
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Its chosen method was austerity, a mix of higher taxes and deep spending cuts. But rather than unleashing growth, the UK economy stalled – just as many Keynesian economists predicted it would. But with most major parties committed to degrees of austerity, Phoebe Greenwood asks whether anyone has learned the lesson of the past five years.

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