Austerity is the bill that arrives after years of fiscal mismanagement. It is not a moral choice but a consequence.
Measuring GDP can be missleading. The costs of HS2 added to GDP despite it resulted in nothing usefull. Also when they were less efficient GDP grew more. GDP measures what we spend rather than what value is added.
Measuring GDP can be missleading. The costs of HS2 added to GDP despite it resulted in nothing usefull. Also when they were less efficient GDP grew more. GDP measures what we spend rather than what value is added.