Yes, the United Kingdom's austerity measures are good, because the United Kingdom can fix their problems before they end up like Greece. Ultimately, a nation, just like a family and household, cannot spend more than they make and expect to survive. The United Kingdom has some time to fix their mess before their people really suffer.
Yes, the United Kingdom's austerity measures are good for the overall fiscal health of the country, because the United Kingdom is wise to address the problem before it becomes a crisis. Now, the UK still has time to fix the problem. If they wait until it is too late, they will be like Greece.
The United Kingdom's austerity measures are good for the overall fiscal health of country, not bad. Without this, the United Kingdom's economy would remain stuck in a rut, and would not experience a lot of growth for quite some time. So yes, the austerity measures are a good thing for their economy.
If you want to look at how great austerity measures work, look no further than Greece. This is a massive problem in that country, and is starting to become a problem in other developed countries such as Spain, Portugal, and the United States. It is fiscally unsound and just disastrous.
The United Kingdom's austerity measures are overall bad for the fiscal health of the country.If a bad economy needs to be stimulated then austerity is really the wrong way to go.It also stifles any kind of growth which most people agree is essential to a healthy western economy in a recovery stage.