Liz Truss’s tired market mantras mask plans for a remarkable state intervention

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New PM set to freeze energy bills for 18 months at a cost of more than £100bn to the exchequer

British prime minister Liz Truss delivered a dreary echo of Churchill with the promise of 'action this day' on the economy. Photograph: Daniel Leal/Getty ImagesDodging a downpour as she entered Downing Street on a stormy day in London, Liz Truss kept her speech short and mostly free of rhetorical flourishes. It included a dreary echo of Churchill with the promise of “action this day” on the economy and the puzzling observation that Britain “was built by people who get things done”.

For a politician who has portrayed herself as an economic liberal who wants to shrink the state, it will be a remarkable act of state intervention in the economy Given the scale of the challenges and the severity of the storm she spoke of, Truss might be wise to avoid making it worse by provoking a trade war over the Northern Ireland protocol

 

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The tuck-fards in Ireland should think about something similar.

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