Are we in a new era of austerity?

Last week, the Chancellor gave his autumn statement. In the run-up, many expected significant cuts to public spending, ushering in a new era of austerity.

But did these anticipated cuts happen? How important is it to bring down debt? And after a decade of cuts in the 2010s, how are departments faring?

This week, we speak with Gemma Tetlow, Chief Economist at the Institute for Government, and Carl Emmerson, Deputy Director at IFS.

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