In spite of how much impassioned talk there has been of austerity on both sides of the party - political divide, the table also suggests that the UK coalition government's overall cutbacks to date have been modest in comparison with the seven earlier episodes of
fiscal squeeze shown.
Not exact matches
Buried in the federal government's recent Update of Economic and
Fiscal Projections are figures
showing the Harper government is set to
squeeze federal government's role to the smallest it has been in seventy years.
If the hundred - year pattern
shown in our graphs is any guide to the future, austerity and
fiscal squeeze is likely to reappear in the UK before too long.
Even if all of George Osborne's proposals for further cutbacks between 2014 and 2017 were fully implemented, the total percentage point drop in expenditure would rank the current
fiscal squeeze in fifth position out of the eight
shown in the table.