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katty kay said earlier, has 2% inflation over 10% inflation, an energy crisis, the possibility of blackouts, 1970-style blackouts coming this winter, and strikes looming on the horizon. things are dark, indeed, for whomever replaces liz truss. she was sort of the ultimate simplistic free marketeer. she felt whatever the circumstances, the tax cuts the solution. of course that s what the markets reacted to. so in a way the ultimate free marketeer was defeated by the free markets. you can t afford this, the timing is offer. the british political system and british people won t accept this in a time of growth. she couldn t defeat the markets. so, whoever comes after her is going to have to first and foremost adhere to james carville s saying, if i died and came back and were recree itted, it would be as the bond markets. but, you know, if you judge britain as a balance sheet, as an economy, as a society, it s actually it looks fine. these are all unforced errors. these are

Bill clintonSpeed ledLiz trussBond tradersEnergy crisisKatty kayFree marketeerPolitical systemRecree ittedBond marketsJames carvilleBalance sheetHarvard business schoolMichael ashcroftPrime ministershipOpposition party