“I am sick and tired of trickle-down economics. It has never worked. We’re building an economy from the bottom up and middle out.”
The words of President Biden in a tweet sent from the White House yesterday – which will no doubt be aimed at his domestic audience as the midterms loom, but has still caused ripples on this side of the Atlantic.
After all, Liz Truss’s economic approach is characterised by a constant focus on “growing the pie” and the new Prime Minister said yesterday she was prepared to be unpopular in getting pro-growth policies over the line.
Speaking to BBC Breakfast just now, Gillian Keegan, the foreign minister, insisted: “There is no way you could describe our approach as trickle-down economics.” Whether Ms Truss’s plans end up benefiting everyone will determine the view of voters – who may well prove the ultimate judges of that.