I haven't been following the debate about Britain's public spending cuts very closely (after all, it's a long way away), but catch snippets here and there -- like this one: Britain’s Austerity Overdose - NYTimes.com:
There is a time and a place for aggressive deficit reduction. Now is not the time, especially not in Britain. The deep spending cuts announced by Prime Minister David Cameron’s government will hobble public services, strain poor families’ budgets and weaken Britain’s influence abroad. They could suffocate a feeble recovery.
Mr. Cameron and his team appear to be driven solely by Conservative Party articles of faith. They are gambling on the improbable theory that in a period of weak consumer demand, the private sector will generate enough business activity to replace the $130 billion the government will be withdrawing from the economy over the next four and half years. We are not sure why the Liberal Democrats, the coalition’s junior partners, are going along.
But I suppose that the Lib-Dems may have influenced their Tory partners to rein back on some unnecessary spending, like the Trident nuclear submarine replacement.