Former Prime Minister Liz Truss blames a Left-wing establishment for the failure of her economic policies
- Liz Truss admitted her plans to slash taxes and red tape were out of favour
Liz Truss has blamed a left-wing establishment for the poor reception her ‘unfashionable’ economic policies received.
The UK’s shortest-serving Prime Minister told a media conference that the public sector and major corporations have ‘shifted to a more left-wing view on economics’.
By contrast she admitted her plans to slash taxes and red tape in order to boost the economy were out of favour.
‘We’ve seen ourselves become more highly taxed and more highly regulated and, as a consequence, we’ve had very low economic growth – that’s the point I’m making,’ Miss Truss told the News Xchange event in Dublin on Monday.
‘But the point I’m also making is it’s not a fashionable view at the moment.’
Liz Truss (pictured) has blamed a left-wing establishment for the poor reception her ‘unfashionable’ economic policies received
Asked if she had done due diligence before the disastrous mini-budget last September, she conceded ‘maybe we could have gone a bit slower’ but pointed out ‘we were facing a real crisis’ as energy bills soared.
‘I think the fundamental problem was there wasn’t enough political support for what I was trying to do,’ she said.
Her policies ‘were not falling on fertile ground’, she said, as not enough people were prepared to support them.
Asked why she sacked her Chancellor Kwasi Kwarteng, she replied: ‘What I couldn’t risk is a UK financial meltdown. That’s why I had to take the steps I did; it wasn’t what I wanted to do.’
Asked why she sacked her Chancellor Kwasi Kwarteng (pictured), she replied: ‘What I couldn’t risk is a UK financial meltdown. That’s why I had to take the steps I did; it wasn’t what I wanted to do’
Miss Truss – who backed Remain during the referendum campaign but became a born-again Leave supporter – said Brexit means the Government can no longer blame the European Union for its problems.
‘I think that’s a good thing because they are directly accountable to the British people,’ she said.
‘I never believed the European Union is the cause of Britain’s problems, and I also don’t believe it’s the solution to Britain’s problems.
‘I think our problems lie within our own nation, and leaving the European Union has meant there are no excuses frankly, it’s up to us to solve these problems now.’
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