When the UK’s then chancellor Kwasi Kwarteng stood in the House of Commons to deliver the so-called mini-budget on 23 September 2022, it was in many senses the most unreformed expression of the ideology we call neoliberalism, exposing a system that dressed itself up as an invisible set of natural laws as openly contemptuous class warfare.

Kwarteng’s plans contained £45 billion of unfunded tax cuts, slashing rates for the highest earners and the wealthiest corporations. The most extreme free-market outriders licked their lips, openly gloating. But almost immediately, the economy went into meltdown, ...


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