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Evening Standard
Evening Standard
Business
Lola Christina Alao

What is trickle down economics? Liz Truss’s suggestion for the UK economy

Liz Truss Economy Joe Biden United States Will Rogers

Liz Truss is embracing trickle down economics

(Picture: PA)

Liz Truss is expected to urge world leaders to join Britain in introducing tax cuts. The new Prime Minister is giving a speech to the United Nations on Wednesday September 21 and will argue that the free world must prioritise economic growth to deny authoritarian states like Russia the chance to manipulate the global economy.

This puts Liz Truss at odds with the US president, Joe Biden, who is not in favour of trickle down economics. On Tuesday, Biden tweeted that he was “sick and tired” of the approach, which he claimed had never worked.

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