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Double Dip Recession in UK Proves Austerity Doesn't Work
Made popular 380 days ago in
Business
huffingtonpost.com —
After enacting extreme austerity measure in the UK with the promise that cutting spending would solve the economic crisis, the Conservative government has a lot of explaining to do after it was announced last week that Britain was falling back into recession again.
David Cameron has desperately tried to argue that his problems were inherited, that the debt crisis was so bad that it has made a speedy recovery impossible, but the historical record shows otherwise. The recession and economic recovery has been one of the slowest in history-- a testament to the failure of the austerity measures passed by the coalition government.
The Office for National Statistics has stated that the cause of the recession stems from a sharp fall in construction output, due in large part to government austerity measures (via the BBC):
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ChrisAndrews72
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Does austerity work?
Yes, , even when economy is weak
42%
No, not when economy weak
58%
This is not a scientific survey,
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to learn more. Results may not total 100% due to rounding and voting descrepencies.
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