NEWS FLASH
British Economy Now Smaller Than Before Conservative Government Took Over | Continued austerity and Europe’s wider economic woes have caused the United Kingdom’s economy to shrink for three straight quarters, including a 0.7 percent contraction last quarter. As the Financial Times noted, this means that the UK economy is now smaller than it was before the Conservative government led by David Cameron came into office. Austerity is having similarly deleterious effects across Europe.
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