Economist Podcasts Deed of Truss: Britain’s new leader
Sep 6, 2022
As Liz Truss takes the helm in Britain, her ambitious tax-cutting agenda raises questions about its viability amid economic turmoil. Japan confronts an ageing prison population, prompting reforms toward a more rehabilitative system. Meanwhile, in Ukraine, the efficacy of the Javelin missile system offers a glimmer of hope, even as supplies dwindle. Discussing these pressing issues reveals the intricate dynamics of leadership, global conflicts, and societal change.
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Truss's Political Shift
- Liz Truss's political journey began as a Liberal Democrat, advocating for the EU and abolishing the monarchy.
- Later, during her time at Oxford, she shifted to conservatism, joining the Tory party and eventually becoming an MP in 2010.
Truss's Campaign Strategy
- Liz Truss's campaign targeted Tory party members by aligning with Thatcherite principles.
- Her platform emphasizes tax cuts, deregulation, and free-market optimism, appealing to the party base.
Truss's Inheritance
- Truss inherits a UK facing a chronic low-growth issue and an acute inflationary shock from energy prices.
- Energy bills are set to skyrocket, demanding immediate government intervention and financial aid.