Britain proves the folly of GOP economics

First slash spending. Then watch the economy contract

Robert Shrum

At the Tory enclave of Eton, the exclusive private school whose graduates now dominate the British Cabinet, they drink tea — and politically and economically, it's not terribly different from the faux-populist American brew. So the Etonian Conservatives came to office last year in coalition with the misnamed Liberal Democrats, and together they set about slashing government spending at a breakneck pace, much like Republicans long to do here.

The economic stimulus, which under the previous Labour government had stayed and reversed the recession, was withdrawn. And the policy course that Republicans insist is the single route to prosperity in the U.S. — massive public spending cuts — was afforded a proof of theory across the Atlantic. Conservatives there enacted exactly what Republicans propose here.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us