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The Duel: Is austerity right for Britain?

Is the Chancellor's medicine marvellous or simply a sugar pill? Our panellists battle it out

Our panel: Oliver Kamm (left, yes) and Simon Wren-Lewis (right, no)

Is austerity right for Britain?


The economy may now be growing at a respectable pace but the scars of the banking collapse remain. The remedial measures to deal with the crisis were justified: near-zero interest rates, flooding the financial system with liquidity, taking big public stakes in the banks, and a rise in government borrowing. The recent…

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