An awful lot has been made of what passes for Liz Truss’s economic policy.
Obviously she’s not sharing all the details with us (at least not for now), but one of the foundations is the belief that cutting taxes for all – reversing the national insurance increase – will be self-funding because it will unleash a wave of enterprise and tax revenues will thus rise. She’s against “handouts”, ie more targeted help for the poor with their energy bills, and she’s against levying a windfall tax on the big energy producers.
