Lavery, S. (2019) The Coalition’s accumulation strategy. In: British Capitalism After the Crisis. Series: Building a sustainable political economy: SPERI research & policy. Springer, pp. 109-152. ISBN 9783030040468 (doi: 10.1007/978-3-030-04046-8_5)
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Abstract
The Coalition government came to power in 2010. It promised to eliminate Britain’s budget deficit within one parliament and to ‘rebalance’ the British economy. On both counts, it failed. The Coalition’s pursuit of austerity prolonged the economic downturn, constrained tax receipts and undermined deficit reduction. When growth returned, it was driven by falling savings, rising consumption and growing imports. By the end of the 2010 to 2015 parliament, the Coalition had effectively re-established Britain’s dysfunctional model of privatised Keynesianism. Deep structural weaknesses in British capitalism endured.
| Item Type: | Book Sections |
|---|---|
| Additional Information: | Print ISBN: 9783030040451 |
| Status: | Published |
| Glasgow Author(s) Enlighten ID: | Lavery, Dr Scott |
| Authors: | Lavery, S. |
| College/School: | College of Social Sciences > School of Social and Political Sciences > Economic and Social History |
| Publisher: | Springer |
| ISBN: | 9783030040468 |
| Published Online: | 30 December 2018 |
| Related URLs: |
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