Liz Truss

Her brief time in power - 49 days - made her the shortest-serving prime minister in UK history. Ms Truss said that while her experience last autumn was " ...

But at this point, it was clear that the policy agenda could not survive and my priority had to be avoiding a serious meltdown for the UK," she wrote. While I anticipated resistance to my programme from the system, I underestimated the extent of it," she writes. There is reflection and regret but not the apology which many might expect. "Frankly, we were also pushing water uphill. "I assumed upon entering Downing Street that my mandate would be respected and accepted. But she said she was not "blameless" for the unravelling of the mini-budget.

Exclusive: Truss is second former PM 'trying to grab the wheel from Rishi Sunak', says Sir Craig Oliver.

“Fundamentally the markets aren’t left wing, they are not woke,” she told Sky News. One former prime minister trying to grab the wheel from Rishi Sunak would be unfortunate, the problem is there are two.” [Writing for The Independent](https://www.independent.co.uk/voices/liz-truss-boris-johnson-conservative-party-b2276165.html), Mr Oliver said her attacks on the international markets and UK Treasury were “laughable”, adding: “I half expected her to tell me that they had also been responsible for assassinating JFK.” She’s right people knew about most of it – but the surprise was no one thought she’d be crazy enough to do it.” [David Cameron](/topic/david-cameron) government has warned the Tory party that listening to [Liz Truss](/topic/liz-truss) will lead to “cataclysmic defeat” at the next general election. She has done none of this – and instead is expecting us to believe it is we who have got it all so badly wrong.”

The former prime minister, who lasted just 49 days in office and created a UK financial crisis centred on the pensions industry, defended her ideas in a 4,000- ...

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Former British prime minister Liz Truss blamed on Sunday the economic "orthodoxy" in the country's finance ministry, other nations and in parts of the ...

"As I had spelled out during the leadership campaign, I wanted to go for growth ... While I anticipated resistance to my programme from the system, I underestimated the extent of it." LDI's were at the centre of the market turmoil following her mini-budget.

Former PM accused of trying to 'grab the wheel' from Rishi Sunak.

And the problem for Rishi Sunak is he can’t control any of this, because many people in the Tory party still agree with this.” “I think she accepts [that] the prescription that we wrote, for which I take part of the blame, wasn’t delivered in the right way. One former Tory minister said Ms Truss’s intervention amounted to “sour grapes”. [Sir Craig Oliver](file:///topic/craig-oliver), a former No 10 communications chief, warned the party that listening to Ms Truss would lead to “cataclysmic defeat” at the next general election. “The markets aren’t left-wing – they are not woke,” she told Sky News. “Anybody who thinks she can challenge before the next election is dealing in fantasy,” he said.

As families continue to struggle with rising interest rates and soaring inflation, the failed former Prime Minister said the problem lay not with her policies ...

A Conservative source said Truss was “more deranged than we realised” and “the worst PM in UK history”. [Liz Truss](https://www.mirror.co.uk/all-about/liz-truss) wasn’t brought down by any supposedly left-wing economic establishment, she was brought down by her own recklessness and economic mismanagement.” In a 4,000-word gripe in The Sunday Telegraph she complained of “pushing water uphill” in her bid to implement the giveaway to the wealthy.

DOMINIC LAWSON: Liz Truss has missed an excellent opportunity to remain silent. The woman who claimed to speak for Conservatives lost the confidence of the ...

But the Government thinks it's time to launch a campaign against wood-burning stoves that are not regulation-compliant in terms of release of 'particulates'. And if there was an external agent of her political destruction it was not 'Left-wing economists' I don't suppose we will get a visit from the council: they have, I would hope, better things to do. But even before the Government's latest strictures against what they might think of as some middle-class indulgence, councils have been wasting much time chasing alleged non-compliant wood-burners. Had she done so, her abysmal public opinion poll standing (by the end, only 30 per cent even of Tory voters expressed a favourable view of her) would have been still more terminal. The author of Liz Truss's downfall was Liz Truss. The Confederation of British Industry, which can be relied upon to get everything wrong, had hailed Barber's budget. Far from being a Thatcher protege, Truss was following the fatal economic path pursued by Ted Heath, who licensed his Chancellor Anthony Barber in 1972 to produce a fiscally incontinent Budget based on a ludicrously optimistic growth target. The latter factor threatened to put rocket boosters under inflation, not least because gas and oil prices are dollar-denominated. According to Truss herself, all this would be taken care of because her policies would lead to a growth rate of 2.5 per cent — a figure plucked out of thin air. Anyway, the result was predictable. And certainly not — which is what mattered most — those being asked to buy record amounts of British government debt.

After nearly crashing the UK economy, Liz Truss should retreat into silence, writes Record View.

Health Secretary Humza Yousaf has apologised for the “unacceptable” treatment but deeds are what counts. The pain goes into my stomach like a steel rod,” he said. [Government’s](https://www.dailyrecord.co.uk/all-about/uk-government) disastrous mini-budget saw her chancellor Kwasi Kwarteng try to stuff money into the pockets of the rich with a series of unfunded tax cuts. Truss was out of her depth in Downing Street and never good enough to be PM. Many of the public spending cuts currently being pushed through are designed to correct the mistakes of her shocking tenure. In less than two months in post, she nearly crashed the economy and turned the country into an international laughing stock.

In the face of a vast monolith of opposition, tax-cutting became not just hard but inconceivable.

Markets have been so distorted by years of state policy, and the corporatist politics that flows from it, that many market players no longer operate the way one would expect – to the detriment of the consumer. I note in the conclusion to this essay that last week the IMF said British recovery would be limited by its tax rises. Unless, of course, we had done what Truss wanted to do and laid the groundwork for a dynamic, free-trade economy: light regulation, light tax, high-tech. We are now governed by the Treasury under the watchful eye of international institutions that apparently believe G7 countries must no longer compete but retire into genteel poverty. The rise in interest rates caused such a shock because they’d been artificially suppressed for too long. Well, Truss does acknowledge that she was a terrible communicator who “perhaps” tried to do too much too soon. As for the infamous fiscal statement, I did think the 45p cut was a big mistake (when it comes to economics, I’m wetter than Willie Whitelaw wrapped in wet wipes), but it only amounted to 0.2 per cent of government spending and returned us to the highest rate employed under Tony Blair. That’s because our economy and society were upended by a pandemic that stoked demands for more government while injecting wild anxiety into our political culture. Policies intended to unleash the markets threw them into a blind panic, forcing the grown-ups to step in and restore fiscal order. A contrarian history student might argue that the market turmoil which destroyed the Truss administration actually proved its point about the need for structural reform. Kent is under water; Sam Smith has come out as a man; globalisation has given way to protection, and, as China, India and Brazil dominate, Western nations bleed their diminishing tax-bases dry to bankroll the welfare state. For a start, Truss was not elected on a far-Right prospectus.