The UK’s shortest-serving prime minister Liz Truss says economic “orthodoxy” helped bring about the abrupt end of her tenure after six turbulent weeks in power.
Truss blames economic ‘orthodoxy’ for downfall as UK PM
Former British prime minister Liz Truss has blamed the economic “orthodoxy” in the country’s finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and “plan for growth”.
Truss’s tenure was cut short last year after her largely unfunded mini-budget and tax cuts pushed up borrowing costs and mortgage rates, sent the pound tumbling and shattered Britain’s reputation for financial stability.
Writing in the Sunday Telegraph newspaper in her first major foray into politics since the abrupt end to her premiership after six turbulent weeks in power, Truss wrote she believed her recipe for Britain of cutting taxes and removing some regulation was the right one.
But she was not successful, she wrote, because she had underestimated “the blob of vested interests” and orthodoxy.