Skip to main content

Trussanomics swings Tories to the right of Trump and Bolsonaro

THE Tories under Liz Truss have become the most economically right-wing party in the “developed” world, according to a survey of political scientists. 

The snap survey of a group of experts by the Financial Times suggests the Conservative Party now sits further right than the US Republican Party under Donald Trump — and even Brazil’s ruling party led by far-right President Jair Bolsonaro.

On a scale where 0 represents communist economic policies, and 10 the most extreme right-wing policies around low regulation and low tax, the Conservative Party scored a 9.4.

Out of 275 parties in 61 countries, the Tories were found to be the most right-wing in terms of economic policy. 

Mr Bolsonaro’s Social Liberal Party, which has waged war on labour and trade union rights in Brazil, comes in at a tight second. 

This also put the Tories further to the right than Alternative for Germany and Spain’s far-right Vox party. 

The analysis also shows that the Tories are out of step with their own members, who score on average 4.2, and the general electorate at 3.1.  

The swing to the right follows Chancellor Kwasi Kwarteng’s “mini-Budget” last Friday, offering huge tax cuts to the rich while slashing benefits, which saw the pound crash to a 37-year low against the dollar. 

Global Justice Now director Nick Dearden warned that Truss’s policies will “throw British society onto the mercy of the markets.”

“Liz Truss’s economic policy is so extreme that even the free markets she is handing power to have taken fright,” he said. 

“The result will be devastating hardship for the many, while the richest get even richer.”

“My hope is that so many people are so angry, that we can mobilise on a scale not before seen and once and for all end this crazy neoliberal experiment which has caused such suffering.

“Never again can we allow such extremism to capture our government.”

OWNED BY OUR READERS

We're a reader-owned co-operative, which means you can become part of the paper too by buying shares in the People’s Press Printing Society.

 

 

Become a supporter

Fighting fund

You've Raised:£ 15,249
We need:£ 2,851
3 Days remaining
Donate today