Liz Truss’s Tories Struggle to Get Britain’s Economic Mojo Back

The new British Prime Minister Liz Truss, has an ambitious plan to revive her country’s ailing economy. It is the only plan that any British politician or economist could offer that has any chance of succeeding. Unfortunately, it most likely won’t work either, and mostly through no fault of Ms. Truss. Here follows a moral history of modern economics and the modern political right.

The UK has been suffering from a productivity crisis for years, often cautiously dubbed the ‘puzzle’. To the extent that Britain’s economy has grown over the past decade, it has done so mainly because a higher proportion of the population was at work, not because people were working more productively. This is an investment problem created by big government and the taxation and regulation that comes with it.

https://www.wsj.com/articles/tories-struggle-to-get-britains-economic-mojo-back-taxes-revival-plan-prime-minister-liz-truss-voters-regulation-economic-turn-11663856682 Liz Truss’s Tories Struggle to Get Britain’s Economic Mojo Back

Alley Einstein

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