Liz Truss: I was never given ‘realistic chance’ to enact tax-cuts

Liz Truss has said she was never given a “realistic chance” to implement her radical tax-cutting agenda by her party, in a 4,000-word essay in the Sunday Telegraph.

No apology for crashing the economy. – Owl

Analysis by Jonathan Blake contained in wider report:

After 100 days of “soul searching” we have a version of events from the shortest serving UK Prime Minister in history.

This is Liz Truss’s catastrophic time in office, described and defended in her own words.

At some length, she attempts to argue her case and answer for her actions. There is reflection and regret but not the apology which many might expect.

What burns through this 4000 word essay is a sense from Liz Truss that almost everything was against her as she makes a case for what might have been.

The system, officials, Conservative MPs all played a part, she argues, in stopping her from achieving her aim of economic growth through tax cuts and de-regulation.

There are breath taking reminders of how high the stakes were as her policies sent shockwaves through the economy – Kwasi Kwarteng had to go to avoid “a serious meltdown for the UK” and “the starkest of warnings” came from officials that the country may have to default on its debt.

Despite her downfall, Liz Truss argues many still share her enthusiasm for what she was trying to achieve.