LONDON – Liz Truss has broken cover to hit out at the “powerful economic establishment” who she says brought her short premiership to an abrupt end last year.
writing in the Sunday TelegraphThe ex-British prime minister said he stuck to the policy prescription on which he fought for the Conservative leadership, but claimed “the forces against it were too great” to pursue it.
Truss resigned as British Prime Minister after a tumultuous 45 days in office, during which his so-called “mini-budget” caused markets to crash and he lost two key ministers.
He and his then-chancellor Kwasi Kwarteng announced the biggest UK tax cut since 1972, funded by a huge expansion in borrowing, and with little attempt to explain how it could be paid for .
She wrote, “I am not claiming innocence in what happened, but fundamentally I was not given a real chance to implement my policies by a very powerful economic establishment, along with a lack of political support.”
He claimed that “pessimism and skepticism” about the growth potential of the British economy was endemic at the Treasury. He also said that the Northern Ireland Protocol on regulation of financial services and other industries was “seen as undermining the prospects of a deal with the EU” and that Brexit would be “a damage-limitation exercise rather than one at a time”. seen as”. generational opportunity.