Trussonomics and the 1972 ‘Sprint for Development’ – POLITICO

As Liz Truss considers one other humiliating price range U-turn, host Jack Blanchard seems to be again on the U.Okay.’s notorious 1972 ‘Sprint for Development’ price range — when one other Tory Chancellor introduced unfunded tax cuts and despatched inflation by way of the roof — and considers the parallels with Truss’ chaotic first month as prime minister.

Historians Duncan Needham and Nick Thomas-Symonds clarify the backdrop to that Nineteen Seventies meltdown, whereas economists Paul Johnson, Gerard Lyons and Soumaya Keynes think about what’s gone flawed within the U.Okay. economic system at present.