THE coming age of austerity about to engulf Europe will have an acute intensity in Britain, where the new political agenda is about savage budget cuts, tax increases, pay freezes, public sector strikes, scaling back in Afghanistan, shunning foreign adventurism and under Tory leader, David Cameron, embracing pain now for gain down the track.
Britain is a wreck yard of false dreams. The ambitious over-reach of Tony Blair is discarded. The prosperity bubble created by a highly leveraged financial sector has bust.
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