Today’s “Phrase of the Day” is “balance the books” and its meaning is “to regulate the finances by adding up all the debits and credits of an account (in order to calculate the difference and check that you have not spend more money than you earn)”.
Example Sentence: In the wake of the financial crash in 2008, hopes were high on the left that a bona fide (genuine) crisis of capitalism would significantly shift the political dial in its favour. Isolated victories and movements aside, it didn’t really happen. Instead, in the early 2010s, the bailout of the bankers was followed by the imposition of austerity across Europe and in America as governments sought to balance the books.
This phrase is present in The Guardian article The Guardian view on Europe’s centre-left: new grounds for optimism and click here to read it.
Courtesy: The Guardian
“Phrasal Verbs” We Learnt Last Week
“Idioms & Phrases” We Learnt Last Week
“Important Definitions” We Learnt Last Week