A beginner's guide to Trussonomics
The Story
00:00
The Environment of the 19 Seventies
The 19 seventies was a chastening experience, some would say, even a rather humiliating one. The uk. Needed a bailap from the then international and monetary fund because of unsustainable public finances. And we also were in environment where we had incredibly high inflation, around 25, 26%. So workers were even getting pay rises in the region of 20%, which is not something that's happening to day. To those waiting with bated breath for that favourite nedia catch phrase, the u turn, i have only one thing to say, you turn if you want to. The latis not for turning.
Transcript
Play full episode
