The United Kingdom’s Growth Plan

New British Chancellor Kwasi Kwarteng fired the opening shot Friday into Prime Minister Liz Truss‘s struggle for economic growth and the pound promptly lost up to 2% of its value against the dollar. Ignore market signals at your peril, but in this case it pays to analyze who is signaling what about whom. This is a pro-growth agenda very different from the tax and spending Keynesianism that has dominated Western economic policy for almost two decades.

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Ms Truss applied for her job this summer with a promise to boost the UK economy with a supply-side revolution. And she shows that she means business. Dubbed the “mini-budget”, Mr. Kwarteng’s announcement represents the biggest package of tax cuts in 50 years.

https://www.wsj.com/articles/the-united-kingdoms-growth-plan-kwasi-kwarteng-liz-truss-tax-cuts-11663959630 The United Kingdom’s Growth Plan

Alley Einstein

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