While we wait for confirmation that Truss will be our Glorious Leader, we can look at the
proposals to deal with the cost of living made by the think tanks behind more than a dozen of Liz Truss’s campaign pledges.
Between them, the Truss-backed think tanks have also lobbied against a windfall tax on gas and oil companies, called for a windfall tax on renewables firms instead, and urged ministers to cut taxes rather than provide further support for those who will struggle with soaring bills this winter.
Analysis by openDemocracy has identified a string of Truss policies and campaign staff originating from the Institute of Economic Affairs (IEA), the Adam Smith Institute and the Centre for Policy Studies.
MPs and campaigners have raised the alarm about Truss’s closeness to the groups, saying a government led by the Conservative frontrunner would be a “puppet” for the organisations.
Her policies to scrap the planned rise in corporation tax, crack down on the right to strike, review inheritance tax, loosen financial solvency regulation and deregulate the childcare sector were all first proposed by the IEA.
The IEA’s list of policy prescriptions to address the cost of living crisis,
published in July, pushed for a windfall tax on the renewables industry and an end to the UK’s target to cut net greenhouse gas emissions to zero by 2050.
The think tank
also called for removing or reducing regulatory requirements on nurseries, which include regular inspections by the education watchdog Ofsted.
Meanwhile, her plan to create free ports and “full-fat” investment zones – where business rates and regulation are suspended altogether – echo the Centre For Policy Studies’
2019 proposal to create “opportunity zones”. Her vow to scrap green levies from energy bills was also first called for
by the think tank in May.