When the Conservatives took power in Britain 14 years ago, they took a butcher's knife to budget spending. It was designed to save the country, but did it break it instead?
In 2010 the UK Conservative party rode to power promising to cut everything. Austerity was supposed to save Britain, but did it break it instead?He was working in the kitchen of the prison when sometime around 7:30am, he allegedly walked into a loading dock and tied himself underneath a food delivery truck that was being unloaded.
It can all be traced back to a policy called "austerity" introduced 14 years ago, when the Conservative Party took power.Institutions have eroded, more and more people are relying on charities and food handouts, one in five households with children living in them are struggling to afford food.Since then, they've gone backwards, more than any other large economy.
The polls said the Labour PM Gordon Brown — a prickly, publicly-educated Scottish Boomer — was set to be replaced by upper-class English Gen Xer David Cameron. The 38-year-old, was the eldest son of a wallpaper magnate Sir Peter Osborne, 17th Baronet of Ballentaylor and Ballylemon.He believed in small government, getting people off benefits and into work. This was the core of his ideology.Loading YouTube content
He said on his podcast Political Currency that Her Majesty demanded that a bagpipe school be spared from the cuts. In one 90 second section of the speech, he announced 13 cuts to benefits for single parents, children, working families and expectant mothers.Public service jobs would be axed, and the people who stayed would have their wages frozen.The Treasury's own analysis showed the cuts disproportionately hit lower-income groups.
But they didn't. In fact, 2010 was pretty much the perfect time to borrow as much money as you could.Fourteen years later the data is in — austerity was not good for Britain, and in many cases did the opposite of what it was meant to do. "A lot of people… feel that the system is failing them. A lot of people who feel that the system is really there just to punish them."Research from the Office for National Statistics found austerity policies had had an "immensely damaging" impact on life expectancy, and that approximately 335,000 additional deaths had occurred between 2012 and 2019 compared with what had been previously been reported.
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