Liz Truss says she’s not ‘blameless’ in No10 downfall as she takes swipe at ‘powerful’ Treasury and global markets
LIZ Truss admitted she was not “blameless” in her downfall last night — but took aim at the “very powerful” economic establishment she says ended her time in No10.
The ex-PM, the shortest serving in history, finally lifted the lid on her 49 days in Downing Street by rapping the Treasury and global markets.
She said her disastrous mini Budget was made a “scapegoat” for Britain’s wider financial problems.
In a 4,000-word essay for The Sunday Telegraph, she said her pro-growth, tax-cutting agenda was “the right thing to do but the forces against it were too great”.
Ms Truss said: “I still believe that seeking to deliver the original policy prescription on which I had fought the leadership campaign was the right thing to do but the forces against it were too great.”
"I am not claiming to be blameless, but fundamentally I was not given a realistic chance to enact my policies.”
Financial watchdog the OBR put a “straitjacket” on her plans and she was “pushing water up a hill” against Treasury “pessimism”.
But she admitted regret at sacking her Chancellor Kwasi Kwarteng.
Liz and her chancellor Kwasi Kwarteng tore up tradition when they unveiled their doomed mini Budget without an OBR forecast.
The decision was widely savaged and spooked the markets - sending the value of pension funds and Ms Truss’ premiership into a tailspin - a decision which she defends.
