Summary of Did Austerity Cause Brexit?

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Did Austerity Cause Brexit? summary

Editorial Rating



Policy decisions have consequences. This is the essential lesson of Brexit, economist Thiemo Fetzer concludes in this original and broad-based research. He finds that populism in the United Kingdom, fomented by austerity cuts to social programs, boiled over into dissent significant enough to inflict long-lasting political and economic disruption. getAbstract recommends this noteworthy report on the reverberating effects of fiscal decisions to policy experts, regulators and business leaders, all of whom must now reckon with the long-term impacts of Brexit.

About the Author

Thiemo Fetzer is an assistant professor of economics at the University of Warwick.


Many people have benefited from the technology and trade that have linked economies across the globe. But not everyone has shared in the bounty. In the United Kingdom, government programs provided assistance to those who, with less education and limited skill sets, had suffered the ill effects of a globalizing economy. But those expenditures came at a cost to fiscal stability. From 2010, the UK began to make steep cutbacks in social safety nets and to impose pay freezes on government employees, creating a opportune moment for the UK Independence Party (UKIP), ...

Comment on this summary

More on this topic

Brexit Without The Bullshit
Anti-System Politics
Brexit: What’s Next?
For Wall Street Banks in London, It’s Moving Time
Not Working
Geopolitical Alpha

Related Channels