As Liz Truss considers another humiliating budget U-turn, host Jack Blanchard looks back at the U.K.'s infamous 1972 'Dash for Growth' budget — when another Tory Chancellor announced unfunded tax cuts and sent inflation through the roof — and considers the parallels with Truss' chaotic first month as prime minister. Historians Duncan Needham and Nick Thomas-Symonds explain the backdrop to that 1970s meltdown, while economists Paul Johnson, Gerard Lyons and Soumaya Keynes consider what's gone wrong in the U.K. economy today. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices