If most people, when it comes down to it, are relatively apathetic about politics, almost everyone takes notice of economics. Not inverted yield curves or endogenous growth theory, but the pound in their pocket, the mortgage, salary and pension.
That’s a rule that history tells us no politician can afford to ignore. And it’s one that Liz Truss will doubtless be keenly aware of, after a week in which the markets all but buried her chancellor’s mini-budget statement, sterling went into free-fall and an attempt to spark growth by cutting taxes for the rich had all the markings of a policy suicide-bomb.
