SATUR­DAY ES­SAY

Yorkshire Post - - FEATURES & COMMENT -

re­vealed the stark truth: “I’m afraid there is no money.”

The new coali­tion of­fered vot­ers a diet of aus­ter­ity. At first, a ma­jor­ity of vot­ers seemed to tol­er­ate the idea, be­liev­ing that per­haps there was some ‘dead wood’ in White­hall de­part­ments or in local town halls that needed cut­ting away. The ar­chi­tect of aus­ter­ity, Chan­cel­lor Ge­orge Os­borne, ped­alled the line, which some vot­ers ini­tially swal­lowed, that he was merely clear­ing up Labour’s mess.

How­ever, few ex­pected aus­ter­ity to last as long as it did. Wages be­gan to stag­nate, and as the full ef­fects of the fi­nan­cial cri­sis be­came ap­par­ent, the pub­lic be­gan to let out their anger on Bri­tain’s lead­ing bankers, in­clud­ing Sir Fred ‘the Shred’ Good­win, the former chief ex­ec­u­tive of Royal Bank

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