Why austerity's failing

Chris Dillow

Chris Dillow
Why austerity's failing

Austerity isn't working. The public sector had a deficit on its current budget of £41.6bn in the three months to June, which is £6.5bn more than in the same period last year. Tax rises and spending restraint, then, have not reduced borrowing.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now