Graduate Student, POLSIS
Thesis Title: The politics of the global financial crisis: Legitimising the 'age of austerity' in the UK
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Stephen Bates
David Bailey |
About
From bank bailouts to the ‘age of austerity’, the advent of the global financial crisis has had an undeniable influence on how the economy is governed. In the UK, the Conservative party-led coalition government has tackled this issue through implementing ‘austerity’ - an economic strategy that, in this case, commits to lower state spending through reducing benefits and public services. Liam’s research focuses on how these potentially unpopular measures received legitimacy through studying how austerity was ‘narrated’. More specifically, it investigates how politicians ‘sold’ the idea of austerity – i.e. how it was constructed as a legitimate political response to a specific crisis of ‘Labour’s Debt’ – and how the public subsequently ‘bought’ into the subsequent narrative. In doing so, it aims to contribute to the emerging international political economy and British politics literature on the politics of the global financial crisis and austerity.
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