Retrenchment, Restructuring and Austerity: 1980's to Present Flashcards
What was the key ideology of this time period?
Neo -liberalism: the cutting down of welfare
Why is austerity seen as important?
Labour left the government in massive debt which meant that cuts had to be made in order to recover.
Is austerity a new concept?
No, neo-liberals made cuts to social and welfare spening in the 1980s
What was proposed in the 2015 conservative budget?
Higher wage, lower tax, lower welfare’
What is more important in this section: retrenchment or restructuring?
retrenchment
How has austerity changed over time?
people see it as less fair as there is less likelihood of economic scarcity for themselves (liberalism)
What were the key features of austerity between 2008-15?
Increased taxes
Less secure jobs
Cuts to spending
Tightening of eligibility
What happened to the delivery of social security and emergence welfare?
Relocated from central government to local government
What was the impact of austerity on lone parents
Women and children hit the hardest. 60% of claims for social fund were made by women, nearly half of these are lone mothers.
When did the rise of neo-liberalism start?
1980s
