Britain’s government is yet to deal with a mess of its own making
Investors in its bonds are still far from satisfied
BRITAIN’S PRIME MINISTER came to office promising to fight “Treasury orthodoxy” and the department’s “abacus economics”. Yet barely a month later, financial markets are teaching Liz Truss and her government a lesson about the importance of sums adding up. Ever since September 23rd, when Kwasi Kwarteng, the chancellor of the exchequer, announced the biggest tax cuts in half a century with no hint of how he would pay for them, the markets have been in varying states of turmoil.
This article appeared in the Britain section of the print edition under the headline “Playing with fire”
Britain October 15th 2022
- Britain’s government is yet to deal with a mess of its own making
- The threat of energy blackouts in Britain forces a rethink on gas storage
- American pro-life activists make their presence felt in Britain
- A trial of e-scooters in Britain has encouraging results
- The BBC marks its 100th birthday
- A thaw in Britain’s frozen union
From the October 15th 2022 edition
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The slow death of a Labour buzzword
And what that says about Britain’s place in the world
Britain’s Supreme Court considers what a woman is
At last. Britons had been wondering what those 34m people who are not men might be
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A new paper looks at one explanation for the rise of Reform UK
Are British voters as clueless as Labour’s intelligentsia thinks?
How the idea of false consciousness conquered the governing party