Margaret Thatcher had five years before facing voters, plus the wind of the Falklands war and an enfeebled opposition. Liz Truss has just two years, and a national debt already swollen to breaking point.
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Hats off for the British Chancellor for fleshing out an unashamedly pro-enterprise agenda, perhaps the first of its kind since the transformational budgets of the 1980s.
Yet, it is also a massive gamble with the public finances that requires careful explaining to markets if it is not to stumble at the first hurdle of rising interest rates and a collapsing pound.
The Telegraph London
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Original URL: https://www.afr.com/world/europe/uk-s-going-for-broke-budget-needs-a-hell-of-a-sell-job-20220925-p5bkt0
