Learning Curve: Austerity

A hard time's a comin'. The days of plenty - of long lunches, top-notch hotels and flat-bed seats on the plane - are coming to an end.

by MT Staff

What is it?

A new era of restraint, sobriety and scarcity is upon us. Says who? Why, the Chancellor of the Exchequer, no less. There is no money left (at least in the government coffers) and that has implications for us all, whether we work in the public or private sectors. Belt-tightening in one part of the economy can cut off the circulation in other delicate parts too. It's like acupuncture gone wrong.

Where did it come from?

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