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Austerity’s not for turning

George Osborne and other austerians refuse to back down

By Tom Streithorst  

© Katharine Keenan

George Osborne has dodged a bullet, but not by much. Although he barely avoided a triple-dip recession, no one can claim his stewardship of the economy has been a success. He promised us that pain would bring prosperity, but after almost three years of fiscal discipline British real GDP per capita is lower than when the Tories took office. Austerity has been a disaster and at long…

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