Planet Normal Liz Truss Threatens Starmer with Legal Action
7 snips
Jan 9, 2025 Economist Andrew Lilico, Managing Director at Europe Economics, joins the discussion to provide insights into Liz Truss's controversial mini-budget. He argues that the economic fallout was exaggerated, highlighting unexpected growth despite predictions of crisis. The conversation also tackles the sensitive topic of grooming gangs in the UK, examining Labour's reluctance to investigate deeper issues. Additionally, listeners get an engaging take on the intricate dynamics of pension schemes and financial strategies, unveiling misconceptions about the lasting impact of policy decisions.
AI Snips
Chapters
Transcript
Episode notes
Grooming Gang Scandal
- Jess Phillips rejected calls for a national inquiry into grooming gangs.
- Elon Musk responded with outrage on Twitter, prompting a response from Keir Starmer.
Liz Truss and the Economy
- Liz Truss is challenging the narrative that she "crashed the economy".
- Many economists dispute this claim, citing other factors like the LDI crisis.
The Bank of England's findings
- The Bank of England's report attributed two-thirds of the yield spike to the LDI crisis, not Truss's policies.
- The UK economy also grew faster than predicted after the mini-budget.