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 governing Conservative Party…
after just over six turbulent weeks in power, Truss wrote she believed her recipe for Britain by cutting taxes and removing some regulation was the right one.
“I am not claiming to be blameless in what happened, but fundamentally I was not given a realistic chance to enact my policies by a very powerful economic establishment, coupled with a lack of political support,” she wrote. She blamed the reaction not only on what she described as the left-leaning orthodoxy of the economic establishment but also on liability-driven investments , which pension funds use to cover their obligations. LDI’s were at the centre of the market turmoil following her mini-budget.
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UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfallFormer British prime minister Liz Truss blamed on Sunday 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'.
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