RE: Article in FT15 Sep 2018 21:41
mmmhhh .... yes .. we have a smaller military, we have lower spend/pupil in school.. we have lower numbers of police ... but overall.. we still spend more than we take in tax receipts ..... lets not mix 'lower this and that with what austerity means .. austerity means the state shrinks .. it has not , just the rate of growth has slowed.
There is a thread on 'crash coming' ... well ... guess what .. when you spend more than you make, you aint got anywhere to go when (not if) that happens.
The real problem is for 20+years we have had gutless politicians who see their own advancement more than they see good governance