The ongoing Conservative Party leadership hustings haven’t seen much agreement between candidates, but they have resulted in the creation of a new political narrative: “Gordon Brown economics”. Foreign secretary Liz Truss explained away her rejection of cost of living “handouts” for households with the phrase. But even as she indicated a possible u-turn on the issue a day later, Truss continued to reject the former chancellor and prime minister’s economic policy as “taking money from people in taxes and then giving back to them in benefits.”
The key ideological and policy choice confronting our politicians right now is not whether to intervene in the economy but how, when, and on what scale. Their chosen course of action and/or inaction will define British politics for the immediate future, including the likely outcome of the next UK general election. It is hoped that it will also save many households from fuel poverty this winter.
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