Liz Truss didn’t want to hear warnings about UK economy

"[Liz Truss] says she wants growth policies, but instead she blames the economy. That is making the problem worse. That's not making the problem better."

Liz Truss "didn’t want to hear" warnings about UK finances which worsened the economy, Cambridge University economic historian Charles Read tells #TimesRadio.
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[rossmurray]

Truss and Kwarteng didn't need a warning from experts not to proceed with their plans, they only needed to open their bloody eyes. The Bank of England had raised its base rates six times in the preceeding ten months, from 0.1% to 1.75%. And they were a long way from finishing. The last rise had been by 0.5% and rates have now reached 4.0%. The BoE was desperately trying to prevent a spike in inflation due to rising energy prices from becoming entrenched in a wage-price spiral.
Truss's mini-budget would have been massively inflationary; it contained a huge new spending commitment to subsidise energy prices and massive tax cuts too.
The obvious contradiction between the BoE's fight against inflation and the governments policies pushing inflation even higher is what caused the pound to crash to its lowest level ever within minutes of the mini-budget being announced. A guide dog could have seen that coming and warned them not to do it!

[DavidGetling]

Having a seriously thick PM is bad enough, but having a seriously thick PM that won't be told that they are wrong is even worse!

[gerryg]

Perhaps the warnings were coming from all those experts who we were told "...Oh, we’ve had enough of experts".

[atmoss]

There is video of Rishi telling her the risks in a debate... How could she possibly try to argue this?

[goenzoy]

Can someone tell me what exactly Liss Truss wants to achieve with her comeback

[ashroskell]

She’s lying. And her chancellor should have been able to work it out for himself, as should she, if they had the slightest clue about how to do their jobs. When politicians feel the need to trot out their excuses and they blame everyone but themselves for their own appalling mistakes, that’s generally a sign that they’re missing their old jobs so much that they haven’t accepted that their careers are over. Truss’s article in the press seems like a prelude to making a move back into power.

[sholtham]

I can't believe she's back in the news. Why isn't she in prison for the damage done to our economy in the short time she was in power - and if prison is a bit extreme, she should have been stripped of her MP status and never allowed to stand again. Shameful!

[susansantapola]

The sheer brass neck of this woman is staggering no apology for the colossal damage just excuses and blaming others.

[JimiJo]

Nick Leeson £208, 000, 000. Liz Truss £55, 000, 000, 000, Nick went to prison, Liz was fired!

[rockerjim]

Only a reckless Politician would progress with a policy and not discuss its implications with colleagues and experts. Liz truss should pay back the damages herself

[DanielSwindlehurst]

So, essentially, she's blaming the 'woke bond markets'?

[pakpala]

She was brought down by the lettuce...

[rohanchapman]

Liz Truss loved being Top Dog, trouble was she wasn't up to the job and had more Arrogant confidence than Wisdom. We could see it then, we can see it now.

[poplife]

And still harping on about tax cuts don't work ....high tax economies have high growth ....always been the case

[heatrayzvideo]

She should be more aware. Prime minister is a top job - self responsibility is essential.

[NonFlyiingDutchman]

Rishi Sunak even warned Truss what would happen during the leadership debates. I'm no fan of Sunak generally but he called the effect of Truss's policies before she even got into office

[martinradcliffe]

The most self-delusional figure to appear in British politics for a l-ooo-ng time. I think she's genuinely in need of help.

[annishilcock]

So Liz Truss doesn't tell the truth either. What a surprise, ....or not...she's a Tory.

[johnashton]

She was probably listening but she hasn't got the intelligence to understand the meaning of the words Feckless, useless and dangerous. The perfect follow-on to Johnson.

[willdean-stobie]

Politicians that lie? You don't say. And it was a conservative? How shocking....