|Austerity in UK Social Policy: glass 'half full' or 'half empty'?|
The Global Financial Crisis (GEC) occurred in the summer of 2007, resulting in many countries being plunged into the worst recession since the 1930s. Public sector debt rose from 36.7 to 49.0% of GDP and the current budget deficit from 0.6 to 3.4% of GDP in a single year between 2007/08 and 2008/09 (Lupton et al 2016). Ellison (2016) argues that deficits are ‘normal’ in an historical and comparative sense, and once past the 2009/2010 peak associated with the bank bailouts, the deficit was not dramatically large by historical UK standards, nor unusually large in comparison with other developed economies (p. 30). He presents OECD figures which show that in 2010 the UK debt was some 87 % of GDP compared to (eg) around 47% in Australia and 54% in Denmark and 128% in Greece and 211% in Japan. However, the UK had one of the largest increases in national debt from 2007- 2013 with 222% compared to Spain’s 244%, and had the twentieth largest deficit as a percentage of GDP of some 200 nations. As in many other European Union (EU) nations, early Keynesian responses, often in the direction of welfare state expansion, gave way to austerity measures (Hermann 2014; van Kersbergen et al 2014; Saltkjel et al 2017; Taylor-Gooby et al 2017).
|1||Austerity in UK Social Policy: glass 'half full' or 'half empty'?||Martin Powell||5-12|
|2||Current Policy Trends of Palliative and End-of-life Care in Australia||David Currow, Jane Phillips||64-73|