Re:UK's elite hardware talent is being wasted
by jahnu on Monday January 20, 2025 @06:47AM
(#42767693)
They most certainly did
https://en.wikipedia.org/wiki/United_Kingdom_government_aust...
What they didn't do, unlike PIGS, was also tough reforms which are paying back now
https://www.reuters.com/breakingviews/flying-piigs-nations-s...
Re:UK's elite hardware talent is being wasted
by HPsquared on Monday January 20, 2025 @10:00AM
(#42769396)
The Conservative party used austerity rhetoric as a way to win votes, but they did not cut spending other than reversion to the mean after the high spending around 2008.
See here for international comparison of government spending as % of GDP (the second figure showing trends over time), UK is not an outlier:
https://www.imf.org/external/datamapper/exp@FPP/USA/GBR/CZE/...
The UK government did, for all intents and purposes, choose austerity after the pandemic: https://en.m.wikipedia.org/wiki/United_Kingdom_government_au....
https://commonslibrary.parliament.uk/research-briefings/sn06...
but still has worse growth than the US.