On this week's MACRODOSE, James Meadway unpacks: Germany’s dramatic break from austerity as the government abandons its balanced budget commitments for the first time since 2009 (1:14), and a look at Rachel Reeves' planned cuts in Britain, sticking to the same old austerity playbook even as Germany goes the other way (10:37).

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MICHAEL BURKE – INCREASING MILITARY SPENDING WILL NOT RAISE LIVING STANDARDS

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Germany Ditches Austerity, UK Doubles Down