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The Brits get it

The public sees the danger

The question is whether or not they can do anything about it before the new government destroys the economy completely:

Labour has surged to a 33-point poll lead over the Conservatives after a week of market turmoil triggered by Liz Truss’s tax-cutting budget.

The YouGov poll for The Times finds Tory support has fallen by seven points in the past four days amid fears the government’s plans will lead to spiralling interest rate rises.

It is thought to be the largest poll lead enjoyed by any party with any pollster since the late 1990s.

Labour’s lead is fuelled by voters switching directly from the Conservatives, with 17 per cent of those who backed Boris Johnson in 2019 saying they would vote Labour.

Just 37 per cent of 2019 Conservative voters said they were planning to stick with the party, suggesting a Tory wipeout

If there’s ever been a better illustration of the folly of right wing economic orthodoxy, it’s this. Truss isn’t a Trumper, semi-fascist style wingnut. She’s a standard issue Reaganaught Thatcherite. And look what she’s done.

I have little reason to believe that Liz Cheney wouldn’t have done exactly the same thing. There’s a lesson in there.

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