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Home arrow Political science arrow A Century of Fiscal Squeeze Politics : 100 Years of Austerity, Politics, and Bureaucracy in Britain

A Century of Fiscal Squeeze Politics : 100 Years of Austerity, Politics, and Bureaucracy in Britain


I Background and OverviewSetting the Scene. The Politics of Austerity and Fiscal SqueezeWhat Is Fiscal Squeeze and Why does It Matter?Three Key Political Choices in Fiscal Squeeze and Their ConsequencesTax Hikes or Spending Cuts?'Surgery without Anaesthetics' or 'Boiling Frogs'?Handling the BlameObserving and Classifying Fiscal SqueezesWhy a Single Country and Why the UK?The Analytic Approach: Plan of the BookUK Fiscal Squeezes over a Century. A Summary ComparisonFiscal Squeezes Identified and ComparedThe Varying Spending/Taxation Composition of Fiscal SqueezesThe Disappearing 'Hard Revenue Squeeze'?Spending Squeezes: From Short and Sharp to Long and Shallow?Triggers, Accompanying Conditions, and Composition of Fiscal SqueezesThe Implications of a Changing Public Spending Profile for Fiscal SqueezeChanging Profiles of Revenue SqueezesConclusionII Selected Periods of Fiscal Squeeze over a Century World War I and the 1920s. From Tax Squeeze through Double Squeeze to Spending SqueezeBackground: The Period in PerspectiveThe Wartime Revenue SqueezePost-War Politics: Double Hard SqueezeTax Revolt and the Shift to Expenditure Squeeze, 1921After Geddes: Expenditure Squeeze after the Fall of the Lloyd George CoalitionConclusionTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in these EpisodesElectoral and Other ConsequencesThe 1930s Squeeze. From Revenue Squeeze to Spending Squeeze via Political CrisisBackground: The Period in PerspectiveWhat Triggered These Fiscal SqueezesFiscal Squeeze and The Labour Government, 1931The National Government 'Emergency' Period, August to October 1931The National Government after the General Election of October 1931Blame Politics and Blame AvoidanceWinners and Losers: What Was Spared and What Was SacrificedConclusionsTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other Consequences: Turkeys Voting for Christmas?World War II and Post-War Labour AusterityBackground: The Period in PerspectiveThe World War II Revenue SqueezeThe Post-War Labour SqueezesThe Immediate Post-War SqueezeMid-Term Fiscal Squeeze Pressures, 1947-49The Final Labour Years 1950-51ConclusionsTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other ConsequencesThe 'Stop-Go' Squeezes of the 1950s and 1960sBackground: The Period in PerspectiveThe 1950s Butler SqueezeThe Revenue Squeeze of the Early 1960sThe Two Labour Squeezes of the 1960sConclusionsTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other ConsequencesThe 1970s Fiscal Squeeze. Stagflation, Recession, Currency Crisis, and Political CrisisBackground: The Period in PerspectiveThe Early-to-Mid-1970s Revenue Squeezeand After: Spending Squeeze in Political, Monetary, and Fiscal CrisisThe Turning Point: 1975-76The Final Phase: 1977-78ConclusionTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other ConsequencesRolling Back the State? Fiscal Squeeze, Thatcher-StyleBackground: The Period in PerspectiveThe First Thatcher SqueezeThe Later Thatcher Episode: Squeezing in RecoveryConclusionsTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other ConsequencesFiscal Squeeze in the 1990s. Tales of the UnexpectedBackground: The Period in PerspectiveThe Road to 1992: Recession, Tax Revolt, and Leadership SwitchThe Turning Point: 1992-93The Later Conservative Squeeze, 1993-97Another Turning Point: Pre-1997 Election Bear Traps and Labour 'Prudence'ConclusionTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in These EpisodesElectoral and Other ConsequencesAfter the 2008 Financial Crash. The Early 2010sBackground: The Period in PerspectiveThe Road to 2010The Coalition's Plans for Fiscal SqueezeCoalition Management, Labour Outcomes?ConclusionsTax and Spending, Depth and Duration, Blame and ControlLoss, Cost, and Effort Involved in This SqueezeElectoral and Other ConsequencesIII Patterns and LessonsConclusions. From the Past to the Future of Fiscal SqueezeSqueeze Intensity and Reported Financial Outcomes ComparedHow Did the Fiscal Squeeze Game Change Over Time?Blame PoliticsTriggers for SqueezeTaxing and SpendingConsequences: What Did Fiscal Squeezes Leave Behind?The Future of Fiscal Squeeze Politics: Can We Extrapolate?
 
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