• Has Liz Truss done the world a big favour? Reflections on the UK General election

  • Jul 8 2024
  • Length: 39 mins
  • Podcast

Has Liz Truss done the world a big favour? Reflections on the UK General election By cover art

Has Liz Truss done the world a big favour? Reflections on the UK General election

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  • Summary

  • The Irish finance minister is drowning in cash. Booming tax revenues the clearest indicator - much better than GDP - that the economy remains robust.


    Politics over economics: Charlie McCreevy once said when finance minister, "If I have it, I'll spend it'. It's not what the budgetary watchdog or the central bank would endorse - quite the opposite of course. But if its bad economics, is it good politics? If so, the upcoming budget is going to be something else.


    Will that budget be quickly followed by an election?


    The UK, of course, has just had its own election. We discuss the many and varied takeaways. Chris suggests that the UK electing a centrist government after 14 chaotic and crazy years is cause for celebration and could just change the economic narrative, whatever the political fallout. Maybe Liz Truss did us all a favour and has given a salutary lesson to those who would flirt with batshit crazy populism. Maybe even in Ireland.


    Joe Biden and the Democrats have to change the narrative. Make Kamala Harris president.

    Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns.


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