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Economics

The Political Economy of Austerity Measures in Welfare States

Quick fact

In the United Kingdom, the austerity program launched in 2010 remains one of the most controversial peacetime fiscal consolidations, and it was followed by a rise in food bank usage and strains on public services.

Why this is interesting

When governments announce spending cuts, citizens often protest and question the necessity. Why would a government knowingly risk such backlash?