The Confidence Fairy Has Failed In UK. Strikes Are The Result

Public employee unions in Britain went on strike to protest austerity measures. The government extended its austerity measures because it is falling behind in its debt reductions plan. It is falling behind because economic growth has stalled. The government blames problems in the eurozone for its slow growth. Many economists blame the austerity plan for slow growth. Perhaps the doctrine of expansionary austerity will disappear with the confidence fairy.