The first Cambridge University Conservative Association (CUCA) ‘Port & Policy’ meeting this Term took place last night. (Photographs below taken by CUCA and from their Twitter page.) At this event, after having criticised the Osborne economic policy of a painfully slow reduction of the budget deficit, I spoke in favour of much more “austerity”, making the moral and practical case for a massive reduction in the size of the State. Further to this, I argued that it should not be the role of government macroeconomic policy to prevent recessions, especially following unsustainable booms caused by a loose monetary policy. In short, austerity works, and, while unpopular, it is the right thing to do. Other debates had at the meeting were over Grammar Schools and the Single Market.