Kemi Badenoch's New Shadow Chancellor Loved Liz Truss's Disastrous Mini-Budget

The useful part

Liz Truss speaks during the Conservative Political Action Conference in America last year. Kemi Badenoch's new shadow chancellor praised Liz Truss's mini-Budget even as it sent the UK economy into a tailspin. Andrew Griffith was one of the architects of the former prime ministers' disastrous plan for £45 billion-worth of unfunded tax cuts.

How it works

• In the days after the "economic growth plan" was delivered by the then chancellor Kwasi Kwarteng in September 2022, interest rates soared, inflation spiked and the value of the pound collapsed.
• With the money markets in turmoil and Truss's premiership in crisis, Griffith went out to defend the mini-Budget, insisting it would deliver economic growth and benefit ordinary people.
• He said: "We think they're the right plans because those plans make our economy competitive.
• "What we politicians are responsible for is making the economic decisions that will drive continued growth.
• "One of the things that's bedevilled our economy is our inability to reach that top 2.5% rate of growth.

What to take from it

It happened before the 2008 financial crisis, we can get back to do so with the programme of supply side reform that was embedded in the growth plan." He s...