Thatcher’s part in Truss’s downfall

Liz Truss has been called many things – many of them unprintable. Given what she did to the country’s economy, people’s mortgage repayments and the Tories’ poll ratings, that’s hardly surprising. But it still shouldn’t let her party off the hook.

Obviously, Truss, along with her similarly clever-silly chancellor, Kwasi Kwarteng, can’t wholly escape personal responsibility for what happened. After all, it was ultimately her decision to push through a tax-cutting mini-budget that, together with her refusal to let the Office for Budget Responsibility (OBR) take a look at it first, was almost bound to spook the markets.

Yet to heap all the blame and opprobrium on Truss herself is to understate the extent to which her decisions were a product of a mindset, a curse even, that has afflicted the Conservative Party for well over three decades – namely that the key to solving Britain’s socio-economic problems will always lie in asking – “What would Maggie do?”


Related Articles

Bir cavab yazın

Sizin e-poçt ünvanınız dərc edilməyəcəkdir. Gərəkli sahələr * ilə işarələnmişdir

Back to top button