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Austerity: Inequality in the UK

Simon Peter Taylor

Abstract


The global banking crash and financial crisis in the period 2007–2008 led to the ushering in of a period of austerity in the UK and across the world. The global debt that had been fuelled by a frenzy of greed was shared by those who could afford it with those who could not which has resulted in greater inequality and in the poor, being punished for the mistakes of the rich. This article looks at the definition of austerity and the figures behind how it was dealt with in the UK and how it has resulted in greater inequality in the country.

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References


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