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Crash course: how the Truss revolution came off the road

Where does the Truss revolution go from here?

8 October 2022

9:00 AM

8 October 2022

9:00 AM

Liz Truss and Kwasi Kwarteng wanted to shake things up. They were radicals in a hurry, keen to show that Britain was under new economic management. Theirs would be an unapologetic pro-growth agenda: no more genuflection in front of failed orthodoxies, no more being paralysed by fear or criticism. As a sign of this, they abolished the 45p tax rate for the highest earners: a move that many Tories longed to make, but did not dare.

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