British Foreign Secretary Gillian Keegan pointed out that Prime Minister Liz Truss’s plan to cut taxes on the rich and corporations is not an unsustainable economy, stressing that “you can’t say that what we’ve done is a layered economy, we’ve just brought a package into A huge help is being provided,” she said, noting that “if you look at the definition of a top-down economy, it definitely doesn’t fit.”

“Our approach is not a phased approach,” she said in a statement. “It helps everyone support growth and business.”

After Truss stated that the rich would receive “disproportionate interest and that it would ultimately benefit everyone in this country”, the statement was widely interpreted as a return to the “lower economy”, meaning that helping the rich would benefit wider segments of the population. economy. The policies outlined by the Trust include corporate tax cuts, the removal of the maximum cap on bankers’ bonuses, and a reduction in National Insurance.

He argues that economic reverse economics, also called downflow theory, refers to the economic assumption that taxes should be lowered for corporations and the wealthy in society as a way to encourage business investment in the short term and benefit society as a whole in the short term. . long run.