Titlebook: British Capitalism After the Crisis; Scott Lavery Book 2019 The Editor(s) (if applicable) and The Author(s), under exclusive license to Sp

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Scott LaveryCompares the political economy of pre- and post-crisis British governments.Analyses development of capitalism in Britain over the last three decades.Argues that austerity has consolidated a series of

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Building a Sustainable Political Economy: SPERI Research & Policyhttp://image.papertrans.cn/b/image/191010.jpg

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British Capitalism After the Crisis978-3-030-04046-8Series ISSN 2946-3394 Series E-ISSN 2946-3408

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https://doi.org/10.1007/978-3-030-04046-82008 financial crisis; global economy; British economy; government borrowing costs; post-crisis conjunct

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The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

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Erik W. Grafarend,Friedrich W. Krummid’ political economy. On the one hand, New Labour advanced a finance-led accumulation strategy which bolstered Britain’s growth model of privatised Keynesianism. On the other hand, New Labour advanced a distinctive ‘One Nation’ hegemonic project which sought to channel material concessions to its s

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Erik W. Grafarend,Friedrich W. Krumm economy. On both counts, it failed. The Coalition’s pursuit of austerity prolonged the economic downturn, constrained tax receipts and undermined deficit reduction. When growth returned, it was driven by falling savings, rising consumption and growing imports. By the end of the 2010 to 2015 parliam