Ex-PM says she underestimated the resistance her free-market policies would face, says she believes her tax-cutting policies were the right ones
Truss on Sunday blamed a “powerful economic establishment” and internal Conservative Party opposition for the rapid collapse of her government, and said she still believes her tax-cutting policies were the right ones.
“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. Truss said she still believed her low-tax, small-state agenda “was the right thing to do, but the forces against it were too great.” She claimed “large parts of the media and the wider public sphere” had a left-wing slant, and criticized U.S. President Joe Biden for calling her plan a mistake.
Cambridge University economist Charles Read said he warned the Treasury in early September that a sudden economic stimulus package “risked financial instability and a financial crisis.Truss’ article could put more pressure on Prime Minister Rishi Sunak, a former Treasury chief installed by the Conservatives to calm the markets and steady the government after her departure.
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