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Tag Archives: Maastricht Treaty

Austerity has not been a Tory choice, but an EU one

After the economic crisis in 2007-8, the deficit of the United Kingdom skyrocketed to over a record 10% of GDP. In response, a policy of “austerity” was adopted, with an aim to reduce public spending and the government’s budget deficit. This policy has been widely criticised as a Tory ideological …

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