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The Independent UK

National

Jon Stone

Trickle-down economics has failed, Michael Gove admits

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The "trickle-down economics" espoused by Margaret Thatcher has not worked out as planned and failed large parts of the country, Michael Gove has admitted.

In a speech on Tuesday Michael Gove told an audience in Liverpool that the "traditional view" of the free market espoused by the Tories had turned out to be false.

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