Trickle-down Truss is carrying on the dirty work of Thatcher, Blair and Osborne | Yanis Varoufakis

Britain has endured 40 years of decline thanks to this faulty economic theory. Will Keir Starmer finally kill it off?

If Kwasi Kwarteng’s mini-budget survives the storm it triggered , a banker on a million-pound annual salary stands to receive £50,000 of income tax relief – on top of the extra bonuses the bank can throw in, now that the Liz Truss government has removed the cap on them. Meanwhile, a Deliveroo rider gets a pep talk on the emancipatory value of aspiring to be wealthy, presumably as an incentive to pedal harder. This is the gist of the government’s growth strategy or, according to former Brexit minister David Frost , its antidote to stagnation and defeatism.

While it’s tempting to draw the obvious analogy between zombie ideas such as the trickle-down growth effect , and the classic Hollywood horror film Night of the Living Dead, a more appropriate response to the seriousness of the situation is to follow the banker’s extra cash. The government claims the banker will invest it, thus promoting growth. If it were not a blatant lie, it might have passed as a touching example of unfounded faith. But unlike Adam Smith’s bakers, butchers and brewers, who would invest any spare cash into better and more bread, ale and meat, the banker will buy into some fund that will, in turn, purchase shares, derivatives and bonds.

Yanis Varoufakis is the leader of MeRA25 in Greece’s parliament, a former finance minister of Greece, and author of Another Now

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The Molly Russell inquest verdict damns Silicon Valley. There can be no more excuses | Peter Wanless and Beeban Kidron

These companies make decisions that harm children. The government must take action

  • Sir Peter Wanless is the chief executive of the NSPCC. Lady Beeban Kidron is the founder and chair of 5 Rights

The ruling in a coroner’s court in north London on Friday will be felt around the world. The senior coroner, Andrew Walker, concluded that 14-year-old Molly Russell “died from an act of self-harm while suffering from depression and the negative effects of online content”.

The content, he determined, had contributed to her death in a more than minimal way. This is an immensely significant verdict.

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The Guardian view on Tory shock therapy: the wrong medicine for the country | Edirorial

Liz Truss’s policies have put the Tories behind Labour by 30 points. Without reversing course she will be in office but not in power

An ideologically extreme party that makes unpopular policy choices far removed from the position of most voters will reap the inevitable consequence in terms of public opinion. Liz Truss decided to bet against such thinking, and has lost badly. Squandering the Tory reputation for fiscal prudence will ensure the spectre of Black Wednesday hangs over its party conference.

The mistake was Kwasi Kwarteng’s plan for growth . The public, accurately, saw it as unfair, foisting higher mortgage payments on many while millionaires get a £55,000 handout. The Labour party has opened up a 30-point poll lead over the Tories. Sensing danger, Ms Truss and Mr Kwarteng did hold emergency talks with the Office for Budget Responsibility on Friday. But the move smacked of desperation. Her government, rightly, looks finished before it gets a chance to get started.

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