Bye bye BoJo: Liz Truss named new UK prime minister
but will have to strike a balance. She must grapple with making data protection seem Brexit-y enough – that is, diverging from EU law without diverging so far as to see the data sharing adequacy ruling revoked, ushering in a whole new era of red tape for businesses wanting to share data across borders.
Underscoring Truss's tendency towards low tax, low intervention government, business secretary Kwasi Kwarteng wrote in thethat the"same old economic managerialism has left us with a stagnating economy and anaemic growth, with labour productivity growing at just 0.4 per cent a year since the financial crisis," seeming to forget who had been in power for the last 12 years.
"Taxes are now at their highest in 70 years. This toxic combination needs to be urgently addressed. We need to be decisive and do things differently. That is what Liz plans. Instead of managing one short-term shock after another, ducking or delaying the difficult reforms needed for lasting economic growth, as prime minister she will take bold action to change things for good," Kwarteng said.
Whether that includes the pet project of Dominic Cummings is a moot point. The former prime ministerial advisor – who seemed to relish his role in Boris Johnson's downfall – put developing a UK version of the US Defense Advanced Research Projects Agency as the number one priority after Brexit. Given the state of the economy – and the dire need for funding frontline public services such as the NHS – it is hard to see how the £800 million investment plan will survive the transition to the new PM, especially since the so-called moonshot mission has
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