UK Business

an economist explains what she got wrong (and what she’s actually right about)

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

Liz Truss’s 49 days as UK prime minister will probably be best remembered for her 2022 “mini budget”. Her plan for £45 billion of unfunded tax cuts led to economic panic, caused chaos on the financial markets, and she was forced to quit her job.

But she still appears to be fairly resolute about her economic philosophy. Busy...

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