The current problems with the UK economy provide an indicator of some of the difficulties also facing Australia. But thankfully the UK government has given Anthony Albanese a clear lesson on what not to do.
It is rare to see such a blatant ripping away of the curtain to expose a fraudulent economic theory as we have seen this week. The British prime minister, Liz Truss, spoke last week to the UN general assembly of the glories of trickle-down economics, and told reporters that “lower taxes lead to economic growth, there is no doubt in my mind about that”.
