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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Trussonomics still haunts parties’ economic promises in run-up to UK local elections

Liz Truss speaking on stage
Liz Truss promised huge tax cuts worth £45bn paid for with extra borrowing and welfare ‘efficiencies’ during her time as prime minister. Photograph: Christopher Thomond/The Guardian

As local and regional elections across the UK loom into view, it is clear the spectre of Trussonomics lives on. The Greens, Reform UK, Your Party, Restore Britain, the Conservatives and even the Liberal Democrats cannot help making extravagant spending promises, often paid for by cutting something or borrowing more that, they argue, will have no negative economic consequences.

Or if they do, the costs will be borne by people and businesses they do not care about.

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