Well, essentially, Keynes told us that in times of recession we must lower the savings rate.
Theresa May has achieved the extraordinary feat of turning UK households into deficit borrowers.
So, recent Tory policy is most Keynesian then, isn’t it?
The only way ou of this being to say well, we’re no longer in recession so we don’t need to lower the savings rate. But then the Senior Lecturer isn’t going to admit that, is he?