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#trussonomics

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Emmanuel Macron was the great liberal hope for France and Europe. How did it all go so wrong?

An interesting perspective and one that I recognise having lived and worked in France. This did amuse me

It was a programme of unfunded tax cuts for the wealthy that the Macronists wrongly assumed would increase economic activity and therefore the tax take. According to Macron’s own economy guru, “this was not a bad strategy, but it didn’t work”.🤪

theguardian.com/commentisfree/
#Macron #France #Trussonomics

The Guardian · Emmanuel Macron was the great liberal hope for France and Europe. How did it all go so wrong?By Oliver Haynes

Catching up with last Wednesday’s #TheRestIsPolitics #podcast from #Goalhanger, with Alistair Campbell and Rory Stewart. In this episode: we’re one year on from the disastrous experiment labelled #Trussonomics; #Putin’s (past) plan to get Europe hooked on Russian oil; the #UN, and other topics. open.spotify.com/episode/1IiyR #Spotify

Spotify172. Liz Truss returns, Putin's Western puppets, and Rory at the United NationsListen to this episode from The Rest Is Politics on Spotify. What have we learnt on the first anniversary of Britain's catastrophic experiment with Trussonomics? Join Rory and Alastair as they discuss Libya, the United Nations General Assembly, Putin's plan to get Europe hooked on Russian oil, and more on today's episode of The Rest is Politics. TRIP Plus:  Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes.  Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics.  Instagram: @restispolitics Twitter: @RestIsPolitics Email: restispolitics@gmail.com Producers: Dom Johnson + Nicole Maslen Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Liz Truss: I was never given realistic chance to enact tax cuts

No Liz, you tried to enact a range of unfunded tax cuts while committing to spend an obscene amount of money subsidising energy companies while inflation was climbing to a 40-year high.

I'm a big fan of cutting taxes, but this was an utterly insane plan. I knew it. The markets knew it. The only people who didn't know it were the #Tory membership. #trussonomics #UKPolitics

bbc.co.uk/news/uk-64527252

BBC NewsLiz Truss: I was never given realistic chance to enact tax cutsThe ex-PM's comments are the first detailed remarks she has made since she was forced out of No 10.

Sebastian Payne @financialtimes suggests that #Trussonomics is the 'word of 2022' which he defines as:
'(noun) a radical programme of libertarian free-market economics based on unfunded tax cuts. To be handled with great caution'.

We might also hope that it represents peak-influence of the #thinktanks at 55 Tufton St. as having got what they always wanted - their person in No.10 - they spectacularly failed by the very measure they claim all things must be judged by:
the #market!