Austerity hasn't tackled the deficit let alone the debt the country has. Currently the deficit is around 170 billion adding to national debt of 1.5 trillion. While borrowing maybe cheap we can't keep kicking the can down the road. Or we do and each generation leaves it for the next to sort out.
The whole austerity thing is nothing more than ideological nonsense. Especially when you notice it isn't working at reducing debt: Public borrowing rises to £11.8bn in September
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