The unconditional surrender of Liz Truss and her “hit the pound running” tax plans have raised hopes among many people that this phase of neoliberal economics is now over.
Her version of Thatcherite “trickle down” economics has been rejected even before it began – not just by a kind of popular uprising, but also by operators in the financial markets who might be supposed to benefit handsomely from reductions in the top rate of taxation.
