Resumen de Austerity as Statecraft
After 2010 George Osborne put deficit reduction and control of debt at the centre of his economic strategy, announcing a much more radical fiscal retrenchment than the plan inherited from Alastair Darling. The key reason for this was political. Osborne sought to redefine the terms of the debate on economic policy, enabling the Coalition to blame the recession on Labour and to create a new narrative to bolster its claim to economic competence. He failed to achieve his fiscal targets, but his statecraft was highly successful, allowing him to claim the credit when recovery finally started in 2014.
