Thatcher was able to pay for her tax cuts without hitting social programs by using the Oil revenues. That's gone now. Lizz Truss tried to do a Thatcher with tax

Thatcher was able to pay for her tax cuts without hitting social programs by using the Oil revenues. That's gone now. Lizz Truss tried to do a Thatcher with tax cuts but there was no Oil revenues to pay for it. The govt debt was going to balloon, so the market reacted very unfavorably. That was the end of that. Incidental, people seem to forget that Lizz Truss was the number one pick by the Conservative Party membership for leader. That tells you all you need to know about the judgement of the Conservative Party membership.