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Austerity

The latest news and comment on economic austerity

November 2025

  • Javier Milei holding a chainsaw at a campaign rally

    ‘You’re either poor or rich’: the Argentinians struggling under Milei’s chainsaw austerity

    Despite falling inflation, a majority are failing to make ends meet as wages and purchasing power have nosedived

October 2025

  • Leon Trotsky

    Project Syndicate economists
    The perils of economic centrism in a polarised world

    Kenneth Rogoff
  • Nesrine Malik

    A-level English, voluntary work, delayed citizenship: it’s Labour’s Orwellian Two Minutes Hate for immigrants

    Nesrine Malik
  • Rachel Reeves.

    First Edition newsletter
    Thursday briefing: Rachel Reeves starts to sell a tough budget to the public

    Newsletter
  • Inside view of an empty children's library

    English councils to remain poorer than in 2010 despite funding rise, says report

  • Britain’s youth clubs have been quietly decimated. What’s most revealing is that few seem to care

    John Harris
  • The false economy of reduced public services

  • It hurt when I crashed my bike into a pothole – and it taught me the true price of austerity

    George Monbiot

September 2025

  • A general view of some UK pound coins and banknotes.

    Premium bonds might beat the bond market bullies

  • Headteacher Chris Ashley-Jones plays in the playground with children

    Headteachers in England doubling up as caretakers as funding ‘hits rock bottom’

August 2025

  • Emer McHugh

    The emblem of modern Ireland? Not fiddles and Guinness but a soulless shopping plaza

    Emer McHugh
    The singer CMAT dances around a retail centre in a video for her new album. It is the elegy those of us who grew up in the post-Celtic tiger recession have been craving, says Irish writer Emer McHugh
  • Woking borough council's offices

    Scrapping of audit watchdog for English councils ‘led to soaring costs and chaos’

    Highly critical report finds that instead of promised annual saving of £100m, fees have rocketed amid financial crisis
    • The Guardian view on Labour’s feelgood economy: it’s not for everyone – especially the poorest

    • As dark financial clouds gather, Labour has to heed its past: when it chooses austerity, it loses elections

      Andy Beckett
    • Labour urged to revive Sure Start label to win back Reform voters

July 2025

  • French prime minister Francois Bayrou at the French National Assembly, France's lower house of parliament, in Paris on 1 July 2025.

    The Guardian view on Europe’s failing economic orthodoxy: social contracts cannot be renewed through cuts

  • Rachel Reeves, when she was shadow chancellor, in front of the Bank of England on 21 September 2023.

    Britain remains trapped in poor economic policy

  • an illustration of Keir Starmer and Rachel Reeves set amid a red-tinted background.

    How to balance the UK books: six options open to Rachel Reeves

  • Keir Starmer pictured at a podium

    Where does the welfare bill climbdown leave UK public finances?

June 2025

  • Rachel Reeves

    Does Labour’s spending review signal a return to austerity?

    Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others
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