That’s why, when people talk about this as an ideological government, they are more right than they know. The ideology is growth, driven by supply-side reform of the economy. Kwarteng dispensed with Tom Scholar, his chief civil servant, and set a new 2.5 per cent growth target because he believes the Treasury has become too focused, over a period of decades, on sharing out the cake rather than increasing its size.
The moment that really signalled a new approach came when Truss was interviewed by Laura Kuenssberg the day before her victory was announced. She was confronted with a chart showing that her proposed national insurance cuts would predominantly advantage the rich. She didn’t blink. “What I am about is growing the economy,” she said. “And growing the economy benefits everyone.”
This might sound obvious. But in a political context, it is revolutionary.
…Growth, in short, is a moral issue. One of the reasons that it is so easy to over-regulate, to refuse planning permission, to stifle entrepreneurialism, is that it seems like a victimless crime. But impeding growth punishes not just our future selves, but everyone else around us.
Here is more (gated) from Robert Colville at the Times of London.