The Spectator’s panel on tech-driven economic growth at Tory party conference began with a disclaimer. ‘Just to clarify, I am not inside the tent’, says economist Gerard Lyons. Lyons was an advisor to Boris Johnson at City Hall so is no stranger to frontline politics, but in recent weeks, he’s been identified as one of the ‘three Trusketeers’, the economists advising Liz Truss on her radical economic agenda.
Lyons is still a supporter of Trussonomics, whatever that may be. ‘We are moving away from cheap money globally, not just in the UK’, he says, trying to contextualise the difficulty that the government has faced on the bond markets. He also argued that polling shows public support for scrapping the national insurance hike, the energy package and slashing income tax. But he’s made plenty clear – on this panel and elsewhere – that he does not condone Liz and Kwasi’s complete plan.
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