Small State, Low Tax Government Set Back a Generation in UK

The chaotic failure of the short-lived Liz Truss government in Britain has set back any hope of rolling back the gargantuan British state or cutting now record-high taxes for “a generation”, a prominent Conservative has lamented.
When Liz Truss won the Conservative (Tory) Party leadership election in the summer and became the Prime Minister of the United Kingdom, it was on the back of an optimistic view about the potential of Britain to surge economically if unshackled from high taxes and stifling regulation.

Yet a dissection of the short-lived Truss administration published in the Financial Times Magazine suggests she rushed …