Truss's demise ends the revival of Thatcher's libertarian economics

British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) - Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.

Pryor, who works at the Adam Smith Institute in London, laughs bitterly at the irony that Truss, who said on Thursday she would resign, was forced to abandon her libertarian economic policies by the same free markets she cherishes.