There was no austerity

Politicians know how to spend money, all right. It's just that you're not getting any.

Night Czar Amy Lamé’s photo and salary on the London Assembly website

Something you often hear in political discourse is that the UK has long been suffering from “austerity”. The BBC even has its own series titled “The Austerity Audit” about the UK’s “decade of austerity” and generally the word is treated as fact, as though conveying a period such as the…