United Kingdom government austerity programme
The programme was created in 2010 by the Conservative and Liberal Democrat coalition government. Its original stated goal was to, "achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period." At the June 2010 budget, the end of the forecast period was 2015–16. However, in 2014 the Treasury extended the proposed austerity period until at least 2018.