Trussonomics (a portmanteau of "Truss" and "economics") are the neoliberal economic policies advocated by the former British prime minister Liz Truss and the Free Enterprise Group, a group of Thatcherite-leaning Conservative Party MPs founded by Truss in mid-2011. The policies are based upon the principle of reducing the overall tax burden, as part of a model intended to create a high-growth, free-market economy.