We will have a new prime minister very soon, but despite the drastic events of the past two weeks this appointment is likely to prove little more than cosmetic.
The extreme form of “Thatcherism” espoused by the Institute of Economic Affairs, among others – a low-benefit, low-tax economy – is a political philosophy that has been around since the early 1970s. Its believers were convinced it could be introduced once Brexit was complete and Britain had removed itself from the rules of the European single market.
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