The spectacular implosion of the Liz Truss premiership continues in the UK. Given that she came into the premiership on September 5th with just a little over two years before she had to face a general election, she seemed to have decided to make her mark quickly and start out with a bang, introducing major changes in the country’s finances almost immediately. The mini-budget she introduced along with her treasury secretary Kwasi Kwarteng on September 23, less than three weeks after taking office (about ten days of which were consumed with the death and funeral of the Queen), was a supply-sider’s wish list with cuts in corporate taxes and the top rate for individuals that would benefit the wealthy, along with cuts in benefits and services that would adversely affect those in the lower income brackets.
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