Truss’s Demise Ends The Revival Of Thatcher’s Libertarian Economics – By Andrew MacAskill and Elizabeth Piper (IB Times) / Oct 20, 2022
Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss’s brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.
Pryor, who works at the Adam Smith Institute in London, laughs bitterly at the irony that Truss, who said on Thursday she would resign, was forced to abandon her libertarian economic policies by the same free markets she cherishes.
The Adam Smith Institute, and other think tanks which provided much of Truss’s inspiration, had welcomed the plans she and Kwasi Kwarteng, her once finance minister and political soulmate, laid out on Sept. 23.
Just weeks later, they say mistakes were made with the strategy – not just poor communication but also the scale of the proposed tax cuts – and fear the policies they have spent years advocating might now be buried for some time.
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