How Will UK's Truss Tackle Her Forbidding In-Tray?

The video discusses the political and economic context surrounding the Conservative Party's new leadership, focusing on the lack of a clear mandate and the challenges of addressing the cost of living crisis. It explores potential solutions like freezing energy bills and the implications of borrowing. The concept of 'trustonomics' is introduced, emphasizing low taxes and resistance to traditional economic institutions like the Treasury and the Bank of England. The video also highlights the potential challenges the new leadership may face, including the need for policy U-turns and maintaining institutional credibility.

What is one of the main challenges the new leader faces according to the first section?

• Improving international relations

• Increasing taxes

• Reducing defense spending

• Establishing a clear mandate

What is a potential policy mentioned to tackle the cost of living crisis?

• Cutting healthcare funding

• Reducing public transport fares

• Increasing taxes

• Freezing energy bills

What does the term 'trustonomics' primarily emphasize?

• Increased focus on international trade

• Strict regulation of financial markets

• Low taxes and resistance to economic orthodoxy

• High taxes and increased public spending

What is a potential conflict arising from the leader's campaign promises?

• Improving international relations while cutting defense

• Increasing taxes while reducing public transport fares

• Reducing energy bills while cutting healthcare

• Balancing low taxes with increased defense spending

What is the leader's stance on the Bank of England's independence?

• She intends to privatize it

• She supports its independence

• She plans to merge it with the Treasury

• She wants to abolish it