“The lady does not like to give up”, is enthusiastic about Daily Mail, Friday, September 30. An explicit nod to Margaret Thatcher’s famous phrase, “The lady’s not for turning”, pronounced in 1980 to sweep aside the criticisms leveled against its liberalization of the British economy. Forty-two years later, the new conservative British Prime Minister, Liz Truss, is embarking on the same path, in the midst of the turbulence caused by the presentation, on Friday September 23, of a “mini-budget” made up of massive tax cuts and unfunded. His plan will succeed. Wait and see.
Definitely, the shadow of the Iron Lady hovers more than ever over the United Kingdom, a decade after her death. Liz Truss has admired her predecessor (1979-1990) since she was a teenager. And, now, it is inspired by its neoliberal policy – the highest incomes see their taxes drop significantly – to try to revive growth across the Channel. This was without taking into account the reaction of the markets, which were unconvinced by the strong comeback of the recovery by supply and runoff.
The fault of left-wing journalists
But for part of the conservative press, Liz Truss and her finance minister, Kwasi Kwarteng, must stay the course. Go back to the substantial tax increases decided under Boris John