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"European central banks kept the squeeze on for a long time" when fighting the inflation of the 1970's, he wrote a few years ago.
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Over a third of the money the council once spent must go, so Newcastle is in the midst of a dire squeeze on funding for children's centres, youth services, rubbish collection, parks, aid for homeless people, swimming pools, museums, and the arts.
If the Lib Dems can get one of their bandwagons rolling, they will put a hard squeeze on support for the also-rans.
In last Sunday's Observer the biographer Victoria Glendinning complained that the squeeze on advances for literary biography meant she was having to finance her research for her next book herself.
These plans entail an even tighter squeeze on cash for the NHS than the service has endured up to now.
Historians claim that not since 1865-67 has there been a comparable squeeze on earnings for British workers.
Nick Clegg will argue against another squeeze on benefits for the poor so soon after the three-year cap on benefit rises was announced in the Chancellor's Autumn Statement.
The longest squeeze on incomes for decades has meant more people are struggling to stay on top of their housing costs, Shelter says.
But they also point to a squeeze on funding for universal services, as limited resources are increasingly directed towards those deemed to have the highest needs.
One consequence of the squeeze on funding for public universities, created by Americans' reluctance to pay taxes, has been an academic brain drain to the more socially exclusive private universities.
But the vote in Sleaford and North Hykeham tells us more about a dangerous squeeze on votes for Labour in middle England in the aftermath of the EU referendum.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com