Post-Debate Result: Ayes: 55% Noes: 45% Pre-Debate Result: Ayes: 60% Noes: 40% Motion carried despite a 5% swing to the Opposition. With the Autumn Statement of the new Government looming, the Union takes over Inner Temple hall to question the dominance of austerity politics in the United Kingdom. Taking place just a few miles from Her Majesty's Treasury, this debate will gather politicians from across the political spectrum to examine the financial legacy of David Cameron's premiership, and debate the future of Theresa May's spending priorities. Following the UK's historic referendum on our membership of the European Union, this debate will also be a chance to ask if the coming turbulence necessitates a change in economic direction. This event forms part of the Union's 2016 Capital Campaign. For more information, please visit www.future.cus.org. ******************* PROPOSITION ******************* *The Rt Hon Sir Vince Cable, President (Easter 1965) Sir Vince is a former former Secretary of State for Business, Innovation and Skills and the former Member of Parliament for Twickenham. He was a key figure during the coalition negotiations following the 2010 election result and a key member of the 2010 Government known for his serious reservations about austerity. He is an alumnus of Fitzwilliam College, Cambridge. *Mr Yanis Varoufakis Yanis is a Greek economist, academic and a former Member of the Hellenic Parliament who served as Greek Finance Minister from January to July 2015 before his resignation. He led negotiations with the Troika during the Greek Government debt crisis and is also a regular commentator and analyst on news television. *Lord Karan Bilimoria CBE, DL (Vice President, 1988) Lord Bilimoria is the Founder and Chariman of Cobra Beer and the UK India Business Council, as well as a founding member of the Indian Prime Minister's Global Advisory Council. He was appointed as a cross bench life peer in 2006 and is Chancellor of the University of Birmingham. He is an alumnus of Sidney Sussex College, Cambridge. ******************* OPPOSITION ******************* *Ms Katherine Dunbar (President-elect) Katherine is President-elect of the Cambridge Union and is currently studying English Literature at Magdalene College. She has twice represented Cambridge at the European Universities' Debating Championships and has been a finalist at the Oxford Inter-Varsity. *Mr Ryan Bourne Ryan is Head of Public Policy at the Institute of Economic Affairs and a weekly City AM columnist. He is an alumnus of Magdalene College where he studied economics as an undergraduate and MPhil. One of the 8 founding members of 'Economists for Brexit', he is a strong advocate of fiscal consolidation and has written on the ‘debt timebomb’ facing the UK given an ageing population. *Baroness Charlotte Vere of Norbiton Charlotte was the Executive Director of Conservatives IN and FInance Director and Spokesperson for the NO to AV Campaign. She challenged the Green Party's Caroline Lucas as the Conservative candidate for Brighton Pavilion in 2010. ******* With thanks to our generous sponsors: NYE Timber Private Cellar Trinity Alumni

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