Here’s my plan for growth, Liz Truss: rejoin the EU and let its citizens work here

theguardian.com:

First the dynamic duo, Liz Truss and Kwasi Kwarteng, were going to “hit the ground running”; then they claimed they hadn’t prepared the ground they were going to hit. What their marriage of culpable ignorance and arrogance in fact achieved was something greeted with astonishment not only by them, but worldwide: they hit the pound running.

The Conservative party took a long time to recover from Black Wednesday, 16 September 1992, when the pound was ejected humiliatingly from the European Exchange Rate Mechanism – the ERM – membership of which had become the fulcrum of their economic policy.

Well, it is going to take a long time for what is left of the old Conservative party to recover from this self-imposed financial crisis. The financial markets voted with their feet on Labour’s economic policies of the 1970s – forcing the Callaghan government to borrow from the International Monetary Fund in 1976; and they have voted with their feet on Truss’s and Kwarteng’s policies now. It took Labour ages to recover from that.

It was no good the duo and their ilk trying to dismiss the U-turn in their plan for reducing the top rate of tax as a “distraction”. Bringing it down from 45% to 40% was the centrepiece of their “growth plan”.

It goes right back to the 2012 tract, Britannia Unchained, of which they were joint authors. In a wonderful Freudian slip, Kwarteng gave the game away by beginning to say the policy was 10 years old – then corrected himself to say 10 days old.

The gulf between Truss’s support among Conservative party members who voted her in and Conservative MPs has become all too apparent. But when people say to me “Don’t you regret your opposition to Johnson?” I know they must be speaking tongue-in-cheek. However appalling