A year on from Truss’s mini-budget, UK economy is stuck in first gear | Richard Partington
by Richard Partington from Economics | The Guardian on (#6ETNN)
Truss was right in saying Britain needed economic growth - where she was badly wrong was in her prescription
Reversing managed decline was Liz Truss's message. Almost exactly a year ago, the shortest-serving prime minister in British history told the story of a nation chained by mediocrity, going nowhere fast and wallowing in a low-growth mire.
This week marks the anniversary of her catastrophically failed attempt to change course in a mini-budget that crashed the pound, punished mortgage holders and destroyed her party's reputation for economic competence in one fell swoop.
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