The Rest Is Politics 172. Liz Truss returns, Putin's Western puppets, and Rory at the United Nations
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Sep 19, 2023 The podcast kicks off with a look at the economic fallout from Liz Truss's mini-budget and her attempts to shift blame. It dives into the urgent need for global action on extreme poverty, affecting millions. The discussion then shifts to how nationalism threatens sustainable development goals. With a keen focus on Russia's energy strategies, the conversation reveals how Europe's dependence on Russian oil fuels geopolitical tensions. Finally, it unpacks the chaotic aftermath of Libya's regime change, illustrating the ripple effects on global stability.
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Truss's Mini-Budget Anniversary
- Liz Truss defended her mini-budget one year later, blaming others for its failure.
- No Conservative MPs attended her speech, but Nigel Farage and David Frost did.
Truss's Economic Worldview
- Liz Truss believes 25 years of economic consensus has caused stagnation, advocating for radical tax cuts and deregulation.
- She cites Poland, the Baltic states, Florida, and Texas as examples, promoting a flat tax rate.
Market's Lack of Confidence in Truss
- Truss's mini-budget included cutting the top tax rate, reversing national insurance increases, and stopping rising corporation tax.
- The market's lack of confidence stemmed from sacking civil servants and not consulting relevant bodies.
