Anatole Kaletsky

Much will stay the same, because the new Labour government will largely follow Conservative policy in four key areas, including spending and borrowing, and restoring relations with the EU

Despite domestic derision, other countries may draw the lesson that a mix of fiscal stimulus and price controls can help avert economic collapse

Conventional economic thinking says the new UK prime minister’s experiment with borrowing and spending will produce disaster. But, given how mysterious stagflation is, Liz Truss’s unorthodox response ...