Raw free-market economics is missing in action. Somewhere between its 1980s ascendancy and today, the media, politicians, civil service and even the corporate mainstream abandoned small government and low taxes.
At the heart of Liz Truss’s new book, Ten Years to Save the West, the former prime minister reckons this is the reason for Britain’s economic drift, alongside “unelected technocrats” overruling the “wishes of the people”.
