The Resolution Foundation hailed the shift from a debate narrowly focused on reducing the nation’s debt to one that takes in a more expansive view of spending and long-term investment.“With the low cost of borrowing, austerity Britain is going to turn into hard-hat Britain whoever wins the next election,” said James Smith, research director at the Resolution Foundation.
Economists and business groups welcome end of austerity
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Economists and business groups welcome end of austerity as parties lay out major shift in policy after years of cuts