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The Latest Breaking News from Patrick Minford

Liz Truss’s mini-budget looms large in the election campaign – here’s why it was such a disaster

The words “Liz Truss” and “mini-budget” have become shorthand for financial recklessness and economic chaos. But what was it about the former prime minister’s economic management that was so disastrous?

The Conversation

From Arsenal to M People: the winners and losers under Liz Truss

Despite the premiership generally being regarded as a disaster, it was more beneficial for some than others

The Guardian - UK

Trussonomics: who were doomed mini-budget’s biggest cheerleaders?

Description of mini-budget as ‘seismic’ in one pro-Tory paper proved correct – though perhaps not in the intended sense

The Guardian - UK

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‘Make sure failure is survivable’: PM’s book reveals pointer to Trussonomics

Britannia Unchained, co-written with Kwasi Kwarteng, highlights the influence of free market thinktank IEA on government

The Guardian - UK

Trust me, UK's Truss pursues charm offensive at her party conference

British Prime Minister Liz Truss heads to her Conservative Party conference next week with a packed diary of "meet and greets" to try to win over lawmakers angry over an economic plan that triggered market chaos and badly eroded support.

Reuters

We need to be prepared for what Trussonomics will mean

What we are about to get is the exact opposite of Thatcherism: an inflationary boom where we try to live beyond our means, but delivered with Thatcheresque determination, writes Sean O’Grady

The Independent UK

Charting a new course with old maps: Truss’s economic plan for UK is outdated and risky

The incoming UK prime minister is taking advice from a right-wing economist favoured by Thatcher. It’s a gamble that could wreck the economy.

Crikey

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We need to be prepared for what Trussonomics will mean

What we are about to get is the exact opposite of Thatcherism: an inflationary boom where we try to live beyond our means, but delivered with Thatcheresque determination, writes Sean O’Grady

The Independent UK

Patrick Minford: maverick economist who inspired Truss and Thatcher

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

The Guardian - UK

Trussonomics will be a reckless exercise in slashing the state when there’s nothing left to cut

Thatcherism was disastrous 40 years ago, but the new prime minister seems intent on reviving it to meet the crises of 2022, says sociologist and political economist William Davies

The Guardian - UK

Who better than Liz Truss to lead a country whose own sewage laps at its shores?

There are just two weeks left in a leadership contest that has been going on since sometime in the early Mesozoic period, says Guardian columnist Marina Hyde

The Guardian - UK

Liz Truss will be an awful UK prime minister. Here are 39 reasons why

Conservative Liz Truss is likely to be the UK’s next prime minister. There’s no shortage of reasons why this would be a terrible outcome.

Crikey

Two sides of Trussonomics: tax cuts and higher interest rates

Select band of economists back Liz Truss’s tax plan, but Rishi Sunak’s team say it could cost homeowners £6,600 a year

The Guardian - UK

The Yes campaign must not shy away from key issues

GREGOR Gall’s piece in The National on July 22 seeking to discuss how the case for independence can best be presented either simply as…

The National (Scotland)

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Daily Mirror

'Liz Truss and Rishi Sunak say Britain has to change, but they've run it for years'

Mark Steel says Conservative leadership candidates Rishi Sunak and Liz Truss don't think Boris Johnson is fit to be in their Cabinet, although neither ever objected that he was Prime Minister

The Independent UK

Liz Truss tax cuts could see interest rates hit 7 per cent, her own economic adviser admits

The Cardiff University professor also said he advocates ‘thinning out’ workers’ rights

The Guardian - UK

Brexit is a mood, not a policy – and Liz Truss captures it in all its delusion

Rishi Sunak is the leaver of the two, but Truss tells Tory members the right fairytales – and they may reward her for it, says Guardian columnist Jonathan Freedland

Evening Standard

Who is Patrick Minford - the economist cited by both Liz Truss and Margaret Thatcher?

The veteran Cardiff Business School professor first came to public prominence in 1981 in the depths of the recession triggered by Thatcher’s monetarist policies

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Reuters

Analysis-Race for Downing Street drives tax policy split into UK Conservatives

Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.

The Guardian - UK

Weeks of Truss and Sunak tearing lumps out of each other should bring nothing but joy for Labour

Whoever wins this race will inherit the social and economic failings of the austerity era – all of which they voted for, says Guardian columnist Polly Toynbee

The Independent UK

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead

The Guardian - UK

Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

Former chancellor says UK ‘needs to control borders’ and again references Margaret Thatcher

Daily Mirror

Liz Truss breaks cover in eyebrow-raising interview as savage Tory blue-on-blue begins

The Foreign Secretary defended 'fantastic' Boris Johnson, admitted she has £30bn a year of unfunded tax cuts and drew battle lines with Rishi Sunak as she finally agreed to a broadcast interview - only after making the final two

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