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How trickle-down economics backfired on Britain’s shortest-serving prime minister

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CNBC International

The U.K.’s exPrime Minister Liz Truss goes down in history as the country’s shortestserving leader — departing just 44 days into the job — after her controversial ‘trickledown’ economic strategy unleashed chaos on financial markets, political infighting, and her eventual resignation. But just what is ‘trickledown’ economics and where did it all go wrong?

Disclaimer: CNBC conducted the interviews in this feature prior to Liz Truss’ resignation on October 20.

#CNBC #Economics #UKPolitics


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posted by urinoircy