Trickle down economics is the idea that if you support big businesses by cutting tax, that it essentially trickles down through society all the way down. I think most economic experts would say it has been proved that it doesn't work more than once. What happens is if you actually let people who live in the society have access to that money is that they use it and spend it on everything. So trickle down, I think it's been proven to be nonsense because it is nonsense. Drop tax for the most richest people actually dropped tax for everybody by 1% of income tax,. not go ahead with a planned increase in corporation tax.
My dad returns to talk more about UK politics, this time describing the disastrous economic policy of Liz Truss and her Chancellor (finance minister) Kwasi Kwarteng. Advanced level English listening practice - this is complicated stuff, but keep listening to develop your English skills and learn about what's going on in UK politics and current affairs.
Episode page https://wp.me/p4IuUx-s7G
Video version https://youtu.be/csrAYt0eNbc
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