Sunak vs Truss: a battle between two failed economic policies

28th July 2022

Emeritus Professor of Economics and Fellow of Merton College, University of Oxford. His blog is written for both economists and non-economists.

While the dividing lines between the two candidates on economic policy appear fairly clear, the division is more fundamental than the timing of tax cuts. It is the politics of one big lie, that we saw under Cameron and Osborne, against the politics of perpetual lying, that we saw with Brexit and Johnson. Both candidates share the same aim, which is to minimise the quality of public services and maximise tax cuts while still winning elections. They differ only on what the best political means of achieving that goal is.

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