Liz Truss spent 44 days as prime minister in 2022 - during which time her government's mini-budget caused a surge in borrowing costs and saw the pound fall to a 37-year low against the dollar.
Liz Truss has acknowledged she and her government lost the confidence of financial markets following the mini-budget of October 2022 – but has refused to apologise to homeowners for higher interest rates. Talking to Sky News, the former prime minister blamed her downfall on the Bank of England, primarily governor Andrew Bailey. However, she said she did not meet Mr Bailey once during her time in office. 'I actually had a meeting set up - I wanted to meet him,' she said.
Asked whether she would apologise for the sharp rise in interest rates during her time in office, Ms Truss said: 'I question the premise of what you're asking me, because mortgage rates have gone up across the world. 'The issues that I faced in office, were issues or not being able to deliver the agenda because of a deep resistance within the establishment.
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