As Liz Truss considers another humiliating budget U-turn, host Jack Blanchard looks back at the U.K.'s infamous 1972 'Dash for Growth' budget — when another Tory Chancellor announced unfunded tax cuts and sent inflation through the roof — and considers the parallels with Truss' chaotic first month as prime minister.

Historians Duncan Needham and Nick Thomas-Symonds explain the backdrop to that 1970s meltdown, while economists Paul Johnson, Gerard Lyons and Soumaya Keynes consider what's gone wrong in the U.K. economy today.

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Trussonomics and the 1972 ‘Dash for Growth’