Austerity in the UK: rhetoric and reality

The bond team at M&G have posted a useful item on their always excellent Bond Vigilantes blog. It makes the point that the next general election campaign will be fought amidst a host of rival claims about the impact of austerity on the British economy. Yet in reality this whole debate is based, they point out, on "a phoney premise", since the UK has in practice seen relatively little austerity in the six years since the global financial crisis.

I am sorry but you do not have access to this page, which is for subscribers only. To become a subscriber, follow the Subscribe Now tab at the top of this page.

If you feel that you should have access to this material, but have been unfairly denied, please send an email to admin@independent-investor.com in the first instance.