Titlebook: Austerity vs Stimulus; The Political Future Robert Skidelsky,Nicolò Fraccaroli Book 2017 The Editor(s) (if applicable) and The Author(s) 20

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https://doi.org/10.1007/BFb0018115The Ferguson-Skidelsky debate opens with an article by Ferguson which appeared in the Financial Times on 10 May 2015 [omitted] following the general election in which he claimed that the architect of the Conservative victory was George Osborne.

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Austerity for the UKIt is now clear that the UK economy entered the recession with a large structural budget deficit. As a result the UK’s budget deficit is now the largest in our peacetime history and among the largest in the developed world.

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Stimulus for the UKSir, In their letter to The Sunday Times of February 14, Professor Tim Besley and 19 co-signatories called for an accelerated programme of fiscal consolidation. We believe they are wrong.

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“Keynesian Austerity”If anyone doubted it before, recent months have proved decisively that coalitions are quite consistent with radical policy change. What matters now for British politics is whether the coalition government’s economic policies deliver a sustainable recovery.

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Britain’s ConfidenceVince Cable’s essay […] is the first, and very welcome, sign of a senior coalition politician being willing to engage in a serious public debate on economic policy. It is in a different intellectual league from the jejune meditations of the Chancellor, George Osborne.

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The Economic Consequences of Mr. OsborneThe Ferguson-Skidelsky debate opens with an article by Ferguson which appeared in the Financial Times on 10 May 2015 [omitted] following the general election in which he claimed that the architect of the Conservative victory was George Osborne.

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