Why the ‘Barber boom’ that Kwasi Kwarteng’s mini-budget recalls was destined for disaster - short news
A reckless dash for growth is nothing new. Ted Heath’s chancellor Anthony Barber tried one in 1971, but it didn’t turn out well
The recklessness of chancellor Kwasi Kwarteng’s “budget for growth” evokes memories of the disastrous outcome of the last great Conservative “dash for growth”: the so-called “Barber boom” of 1971-73.
I say so-called because the wildly expansionist policy of those years was essentially the work of PM Edward Heath. His preferred..
source: The Guardian - 25.09.2022