Remix.run Logo
pjc50 14 days ago

Dominic Cummings got to be inside Number 10 and entirely blew it with Brexit and everything else. He belongs in the "discredited" pile with the Trussnomics lot.

mytailorisrich 14 days ago | parent [-]

No, actually his plan for Brexit was the most coherent, and Truss/Kwarteng were on the right track but executed appallingly badly.

If you go for Brexit the "hard way" as the country did then your way forward to compensate and to create growth is to find new competitive advantages and there are not many options apart from going low tax low regulations.

This never happened. Truss/Kwarteng made a bad and short-lived attempt and that was it.

I am not saying Brexit was a good idea but this is one of those massive changes of course that require "going big or going home" instead of trying to keep things as they were when that's impossible, and slowly fail (it does not mean that it would necessarily succeed but at least you're going for it).

pjc50 14 days ago | parent [-]

No, it was a massive failure in the market, because it was made of unfunded tax cuts to the well off, and we're watching how the "destroy all the regulatory stuff you don't understand" approach is working out in the US right now.

The lasting effect of Truss was to make the national debt problem much worse by pushing up interest rates.