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Page last updated at 08:28 GMT, Wednesday, 6 April 2011 09:28 UK

Austerity's silver lining?


Will the new era of cuts and financial austerity be unambiguously bad for the UK? Could there be a silver lining to the cloud of cuts?

Philosopher Roger Scruton and Mark Littlewood, of the Institute of Economic Affairs, discuss whether cuts should act as an inspiration to re-order our priorities away away from consumerism.

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