It is real, and it is here. For a time, last autumn, the downturn seemed to preoccupy Westminster more than it did the rest of Britain. Not any more. Austerity has ousted luxury and quality in marketing campaigns. Jobs are evaporating: inside the shells of Woolworths stores, all now closed, CCTV screens suspended from the ceilings flicker eerily, like macabre art installations. The pain is plain, and so, increasingly, are the main parties' strategies for dealing with it—and the likely political outcome.
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