Truss and Brexit have sunk Britain’s economy – and the right is in deep denial about both | Martin Kettle

UK trade and create major shortfalls in the labour market, not least in the health service. The UK’s high relative dependency on imported gas at a time of sharply increased energy prices has not helped either.

In this, though, these papers speak to and for a significant strand in the Conservative party that is extremely difficult for Sunak to manage, including at Westminster. It’s the strand that sees government as a problem and taxes as bad, that thinks both should be slashed to let growth loose, that backed Truss last summer and that would back Boris Johnson – and maybe even Suella Braverman – if either makes a bid to topple Sunak this year.

Many will spare the Conservatives their pity. Yet this still leaves Britain in an economic policy bind, with less policy flexibility than other countries to generate the wealth in incomes and taxes that would enable households to cope, businesses to innovate, and trade and the state to begin the repair of the public services. It is a national crisis, not just a party political one. It would constrain Labour’s options, too.

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