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