Sunday, August 07, 2022

A hostage to fortune

I've not said much about the current Conservative leadership contest (which is also, of course, a race to be the UK's next prime minister). However, I thought it worth commenting on recent remarks by Liz Truss, as reported here.

She says that the UK is currently heading for recession (something that I assume isn't news to anyone following the economy) but, crucially, claims "that is not inevitable" and can still be avoided.

This strikes me as rather unwise. If she wins the contest, becoming PM, and we end up going in to recession then she's effectively admitted responsibility for that. At the very least, she'd have to backtrack and admit that these remarks were wrong and the recession was inevitable. But perhaps she'd have been better off taking that line now, while the recession can definitely be blamed on others.

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