PLEDGE NOW
Britain's Budget Slash: Lessons?

The U.K. Prime Minister flies business class to D.C. The Queen, all of Britain, in deep cutback mode. Could the U.S. take that much pain?

Pres. Barack Obama and British Prime Minister David Cameron arrive for a joint news conference at the White House, July 20, 2010. (AP)

The British prime minister came to the U.S. this week, and flew business class across the Atlantic. No Air Force One. No private jet. Just business class. He went to New York… and had a hot dog for lunch, on the street. 

While the U.S. debates stimulus versus cutbacks, the U.K. – under a new conservative government – has gone headlong for austerity. Britain’s giant public spending cutbacks are all over — the biggest since World War II. 

It could save their credit rating. It could croak their recovery.  

This Hour, On Point: we’re looking at Britain’s massive redirection toward austerity.

Guests:

Philip Coggan, columnist and capital markets editor for The Economist magazine. He writes the “Buttonwood” column.

David Blanchflower, professor of economics at Dartmouth College and member of the Monetary Policy Committee of the Bank of England from 2006 to 2009.

Lord Meghnad Desai, professor emeritus of economics at the London School of Economics and founder of LSE’s Centre for the Study of Global Governance.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

RECENT
SHOWS
Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: July 3, 2015
Friday, Jul 3, 2015

We made a lot of last-minute programming changes these past few weeks, and you stuck around with us through it all. Thanks!

More »
Comment
 
Election 2016: Who Exactly Is Running For President?
Tuesday, Jun 30, 2015

Who is running for President, anyway? We attempt to help you figure it out.

More »
9 Comments
 
Our Week In The Web: June 19, 2015
Friday, Jun 19, 2015

Why our broadcast changed in different markets this week, and a closer look at a puppet theatre vandalism in rural Norway. (Really).

More »
Comment