Britain | Bagehot

Liz Truss turns to accidental austerity

How the government embraced death-cult Osbornomics

Long dead she may be, but the Iron Lady lives on at the Conservative Party’s conference. Margaret Thatcher and other former Conservative leaders are deified at the annual jamboree, which took place this year in Birmingham. Fringe events are held at the Thatcher theatre. Men born in the early 2000s dress like 1980s throwbacks in pinstripe suits and tribute braces. A psychedelic picture of Benjamin Disraeli leers out from a tote bag, alongside the faces of Boris Johnson and St Maggie herself. Attendees can even buy a Winston Churchill baby bib.

This article appeared in the Britain section of the print edition under the headline “Accidental austerity”

What next? A special report on the world economy

From the October 8th 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Britain

Double exposure photo of the British Chancellor of the Exchequer Rachel Reeves.

Why have Britain’s bond yields jumped sharply?

Mostly, blame Donald Trump. But Labour’s policies haven’t helped

Illustration of a woman with the trace of a hand on her neck.

The phenomenon of sexual strangulation in Britain

A survey suggests the risky practice is more common than you might think


Sky Gardens/Midland Mills under construction in Leeds.

The decline in remote working hits Britain’s housing market

A return to the office means a return to town


Britons are keener than ever to bring back lost and rare species

Immigrants that everyone can get behind

A much-praised British scheme to help disabled workers is failing them

It lavishes spending on some, and unfairly deprives others