Liz Truss turned Britain into ‘Argentina on the Channel,’ says ex-Bank of England boss

Liz Truss turned Britain into 'Argentina on the Channel,' says ex-Bank of England bossGlobal Progress Action Summit

Transcript

00:00 When politicians proclaim that our great democracies are broken,

00:03 it's not because they want to fix them.

00:06 It's because they want a license to demolish.

00:10 It's a model, and it's a repeated model, that uses a constraint

00:15 to "starve the beast of government" in the misguided view

00:19 that slashing leads to growing.

00:23 Starving the beast was the reflexive response

00:26 of Pierre Pallièvres to COVID.

00:29 He saw a humanitarian catastrophe as another chance

00:36 to cut taxes and spending.

00:39 And it's this Pablovian reaction of extreme conservatives

00:42 to every problem, it's grounded in a basic misunderstanding

00:48 of what drives economies.

00:50 It meant that when Brexiteers tried to create Singapore

00:55 on the Thames, the trust government instead delivered Argentina

01:00 on the Channel.

01:03 Those -- it didn't feel so good.

01:06 And that was a year ago.