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Business Daily

What happened to austerity?

Nov 26, 2019
BBC correspondent Andy Verity explains austerity and why it's ending now. Economists Vicky Pryce and Ryan Bourne debate if austerity was successful. With UK returning to more spending, Alberto Gallo urges wise spending decisions.
18:35

Podcast summary created with Snipd AI

Quick takeaways

  • End of austerity signals increased UK government spending on public services.
  • Debate on austerity effectiveness and the importance of wisely spending increased funds.

Deep dives

Debate on Austerity and UK Economy

The podcast discusses the impact of austerity measures on the UK economy and the ongoing debate between political parties regarding spending policies. Both major parties in the UK election campaign are addressing the end of austerity, with differing approaches on investing in public services and infrastructure. The podcast highlights the shift from austerity policies towards increased government spending, with emphasis on balancing the budget and long-term economic growth.

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