19/07/2012 09:55 BST | Updated 19/07/2012 09:55 BST

Is Austerity The Right Strategy?

David Cameron has told the Daily Telegraph that he "can’t see any time soon when... the pressure [for austerity] will be off". The cuts, suggested the prime minister, could continue until 2020. But is austerity the right strategy for the UK economy?

Below, Ruth Porter from the free-market thinktank, the Institute of Economic Affairs (IEA) debates Keynesian economist Ann Pettifor, director of Prime: Policy Research in Macroeconomics.