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-budget-response
https://www.ft.com/content/7bad4783-e6d1-4776-8fa7-4188bbb9d86f
https://www.economicshelp.org/blog/170950/economics/truss-economics-will-tax-cuts-save-the-uk-economy/
https://www.resolutionfoundation.org/publications/one-statement-two-challenges/
https://www.resolutionfoundation.org/press-releases/childrens-benefits-mess-leaves-families-facing-effective-tax-rates-of-80-to-96-per-cent/
https://www.theguardian.com/politics/2022/nov/12/revealed-the-30bn-cost-of-liz-trusss-disastrous-mini-budget

► Please SUBSCRIBE!

► UK Economy - https://www.youtube.com/c/economicshelp1?sub_confirmation=1
► Global Economy - https://www.youtube.com/@EconomicsHelpGlobal-sf5iv?sub_confirmation=1

ABOUT
-----------

► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including:

► Cracking Economics. https://www.economicshelp.org/shop/cracking-economics/
► What Would Keynes Do? Amazon https://amzn.to/2xShqq4
► Economics Without the Boring Bits https://amzn.to/48T1hA9

Тэги:

#economics

Скачать видео