Liz Truss’ warning to America: You can’t just keep spending and ignoring voters
World,United Kingdom,Liz Truss,Economy And Jobs,Banking And Finance,Taxes,Tax Cuts,Politics,Libertarian,Margaret Thatcher
The joke in Britain is that the country is becoming like Italy – but without the weather. In other words – ungovernable.
Just as Italian politics seem to throw up a new government most weeks, so the UK seems to be churning through Prime Ministers. Liz Truss announced her resignation on Thursday after a mere six weeks. The shortest-lived Prime Minister in history, she´d barely unpacked her bags in Downing Street before having to pack them back up again.
Her successor – due to be announced next week – will be the country´s third Prime Minister this year. So what on earth caused this mess? There are a number of reasons. But some of them are ones that America could learn from.
The first is the costs finally arriving of decisions made over the last decade and more.
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