Riding the Austerity Wave in the UK

Having grown fat in a decade of government borrowing even in the boom years, Britain has been put on a crash diet.
Riding the Austerity Wave in the UK
Simon Veazey
Simon Veazey
Freelance Reporter
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/UK-102292484-WEB.jpg" alt="Britain's finance minister, Chancellor of the Exchequer George Osborne, holds the 'red box' containing the government's emergency austerity budget on June 22. Prime Minister David Cameron and his coalition government are taking the U.K. through uncharted waters of massive cuts across virtually all departments. (Ben Stansall/AFP/Getty Images)" title="Britain's finance minister, Chancellor of the Exchequer George Osborne, holds the 'red box' containing the government's emergency austerity budget on June 22. Prime Minister David Cameron and his coalition government are taking the U.K. through uncharted waters of massive cuts across virtually all departments. (Ben Stansall/AFP/Getty Images)" width="320" class="size-medium wp-image-1815982"/></a>
Britain's finance minister, Chancellor of the Exchequer George Osborne, holds the 'red box' containing the government's emergency austerity budget on June 22. Prime Minister David Cameron and his coalition government are taking the U.K. through uncharted waters of massive cuts across virtually all departments. (Ben Stansall/AFP/Getty Images)
Simon Veazey
Simon Veazey
Freelance Reporter
Simon Veazey is a UK-based journalist who has reported for The Epoch Times since 2006 on various beats, from in-depth coverage of British and European politics to web-based writing on breaking news.
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