New Times,
New Thinking.

Thatcherism vs Reaganomics

The fiscally conservative Rishi Sunak is borrowing from Margaret Thatcher while the tax-cutting Liz Truss channels Ronald Reagan.

By George Eaton

There are multiple lenses through which to view the contest between Rishi Sunak and Liz Truss. One resigned in protest at Boris Johnson’s leadership, the other is the head of the PM’s militant wing. One is the Remainers’ favourite Brexiteer, the other is the Brexiteers’ favourite Remainer.

On economic policy, another divide suggests itself. Though both Sunak, the former chancellor, and Truss, the Foreign Secretary, hail from the Conservatives’ free-market faction, they have sharply opposed fiscal stances.

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