Austerity Politics and UK Economic Policy

  • Craig Berry

Table of contents

  1. Front Matter
    Pages i-xii
  2. Craig Berry
    Pages 1-15
  3. Craig Berry
    Pages 87-105
  4. Craig Berry
    Pages 107-112
  5. Back Matter
    Pages 113-116

About this book

Introduction

Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.

Keywords

Austerity Growth Financial Crisis Deficit Reduction Debt Rebalancing British Politics Coalition Government Conservative Party Labour Party Monetary policy Economics Industrial Policy Regional Policy Welfare Reform Budgetary Management Financialisation Keynesianism Neoliberalism budget democracy economic policy employment Government growth Institution labor market monetary policy neoliberalism Policy politics reform transformation

Authors and affiliations

  • Craig Berry
    • 1
  1. 1.Sheffield Political Economy Research InsSheffieldUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-59010-7
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Political Science and International Studies
  • Print ISBN 978-1-137-59009-1
  • Online ISBN 978-1-137-59010-7
  • About this book