Trussonomics and the 1972 ‘Dash for Growth’
Oct 14, 2022•47 min•Season 7Ep. 6
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Episode description
As Liz Truss considers another humiliating budget U-turn, host Jack Blanchard looks back at the U.K.'s infamous 1972 'Dash for Growth' budget — when another Tory Chancellor announced unfunded tax cuts and sent inflation through the roof — and considers the parallels with Truss' chaotic first month as prime minister.
Historians Duncan Needham and Nick Thomas-Symonds explain the backdrop to that 1970s meltdown, while economists Paul Johnson, Gerard Lyons and Soumaya Keynes consider what's gone wrong in the U.K. economy today.
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