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  • World - Europe
  • Updated: February 05, 2023

Former UK PM Blames Economic 'Orthodoxy' For Brief Stint

Former UK PM Blames Economic 'Orthodoxy' For Brief Stint

UK's shortest-serving Prime Minister Liz Truss on Sunday blamed the economic "orthodoxy" in the country's Finance Ministry, other nations and in parts of the governing Conservative Party for derailing her plan for growth during her tenure.

Truss's tenure was cut short last year after her time sent the UK pound tumbling and shattered Britain's financial stability.

On Sunday, Truss said she believed her recipe for Britain by cutting taxes and removing some regulations was the right one.

She wrote in her Sunday Telegraph column; "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.

"I assumed upon entering Downing Street that my mandate would be respected and accepted. How wrong I was.

"While I anticipated resistance to my programme from the system, I underestimated the extent of it.

"As I had spelled out during the leadership campaign, I wanted to go for growth.

"But this was not in line with the instinctive views of the Treasury (finance ministry) or the wider orthodox economic ecosystem."

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