The Real Reason for The FAILURE of Truss Economics

A look at why markets reacted badly to the Truss mini-budget of September 2022.

Contents

00:00 Intro
00:40 Largest Tax Cuts since 1972
2:11 Debt
3:34 Who Reversed Budget?
4:58 Inequality
5:57 Interest rates
7:37 Bank of England
8:32 Logic of Tax Cuts
10:18 Rising Debt


Sources:

https://ifs.org.uk/articles/mini-budg...
https://www.ft.com/content/7bad4783-e...
https://www.economicshelp.org/blog/17...
https://www.resolutionfoundation.org/...
https://www.resolutionfoundation.org/...
https://www.theguardian.com/politics/...

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