Like David Cameron's radical austerity in the 2000s the UK again provides a cautionary tale.

The difference is that the UK's institutions held and she backed down. Here, Donald "Roy Cohn" Trump is incapable of admitting he's wrong and Congress is full of sycophants.

https://www.nytimes.com/2025/04/08/world/europe/trump-tariffs-markets-liz-truss.html?unlocked_article_code=1.-E4.kWGn.AAX5ZVKSi9S4&smid=url-share