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The truth is a grey area somewhere in between I reckon. Of course they should abandon rigid austerity, the new lot are doing that now and Osborne probably would have as well (he only just abandoned his goal of getting into a budget surplus by 2020).

If there's been growth the past 6 years they need to invest the proceeds into getting more growth now, sitting back and playing it safe will cause problems. It's not about idelogical spend spend spend or austeritiy austerity austerity, its just working the economic cycles using some logic. Anyway I agree, get rid of that awful word austerity.

[QUOTE="The Fortune Teller, post: 2543696, member: 66421"] The truth is a grey area somewhere in between I reckon. Of course they should abandon rigid austerity, the new lot are doing that now and Osborne probably would have as well (he only just abandoned his goal of getting into a budget surplus by 2020). If there's been growth the past 6 years they need to invest the proceeds into getting more growth now, sitting back and playing it safe will cause problems. It's not about idelogical spend spend spend or austeritiy austerity austerity, its just working the economic cycles using some logic. Anyway I agree, get rid of that awful word austerity. [/QUOTE]

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