The former prime minister was defiant in her speech, but while she may have a valid point about accountability for the Bank of England, she still lacks the credibility to win back market confidence.
The trouble for Liz Truss is she risks damaging the growth cause she so passionately defends.
For all the detail of her speech - what could have been done and how much it all costs - being prime minister is all about credibility.During her tenure, UK economic policy was called into question in a way it hasn't been for decades. She faced a credibility crisis that lost the faith of the markets.Sky News Monday to Thursday at 7pm. Watch live on Sky channel 501, Freeview 233, Virgin 602, the Sky News website and app or YouTube.
Many on the left of the Conservative Party believe her public appearances now are highly dangerous. OneThe former prime minister is strongest when she attacks the Bank of England; she said central bankers and officials are let off too lightly while politicians are blamed - and she may have a point.the bank was forced to intervene with gilt purchases after a sharp rise in bond yields exposed vulnerabilities in liability-driven investment funds.
Truss said that the central bank was not held fully accountable for the meltdown in financial markets.Spreaker, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to enablecookies or to allow those cookies just once. You can change your settings at any time via the
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Liz Truss to urge government to cut taxes - and insist her economic plan would have workedIn a speech on Monday, the former prime minister - who was in office for only 49 days - will blame her swift demise on reaction from the 'political and economic establishment which fed into the markets'.
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