Overview
Part of the book series: Building a Sustainable Political Economy: SPERI Research & Policy (SPERIRP)
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About this book
Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.
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Keywords
- Austerity
- Growth
- Financial Crisis
- Deficit Reduction
- Debt
- Rebalancing
- British Politics
- Coalition Government
- Conservative Party
- Labour Party
- Monetary policy
- Economics
- Industrial Policy
- Regional Policy
- Welfare Reform
- Budgetary Management
- Financialisation
- Keynesianism
- Neoliberalism
- budget
- democracy
- economic policy
- employment
- Government
- growth
- Institution
- labor market
- monetary policy
- neoliberalism
- Policy
- politics
- reform
- transformation
Table of contents (7 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Craig Berry is Deputy Director of the Sheffield Political Economy Research Institute at the University of Sheffield. He has worked previously at the Trades Union Congress, International Longevity Centre, HM Treasury and the University of Warwick. His research focuses on UK economic statecraft, with an emerging focus on Northern England in a European and global context.
Bibliographic Information
Book Title: Austerity Politics and UK Economic Policy
Authors: Craig Berry
Series Title: Building a Sustainable Political Economy: SPERI Research & Policy
DOI: https://doi.org/10.1057/978-1-137-59010-7
Publisher: Palgrave Macmillan London
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-59009-1Published: 15 June 2016
eBook ISBN: 978-1-137-59010-7Published: 31 May 2016
Series ISSN: 2946-3394
Series E-ISSN: 2946-3408
Edition Number: 1
Number of Pages: XII, 116
Topics: International Political Economy, Political History, Administrative Law, Public Policy, Public Administration, Political Science