New British Prime Minister’s Agenda Draws Comparisons To ‘Reaganomics’

New British Prime Minister’s Agenda Draws Comparisons To ‘Reaganomics’

Collage Maker-24-Sep-2022-10.01-PM British Prime Minister Liz Truss is drawing comparisons to Margaret Thatcher and Ronald Reagan with her pursuit of lower taxes and higher economic growth.

The new Conservative Party government on Friday canceled a rise in the corporate tax rate, slashed the basic income tax rate to 19%, and launched discussions about special economic zones in multiple regions. “Economic growth isn’t some academic term with no connection to the real world. It means more jobs, higher pay and more money to fund public services,” British Chancellor of the Exchequer Kwasi Kwarteng remarked in a press release . “This will […]

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