UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfall


FILE PHOTO: British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) - Former British prime minister Liz Truss blamed on Sunday the economic "orthodoxy" in the country's finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and "plan for growth".

Truss's tenure was cut short last year after her largely unfunded mini budget and tax cuts pushed up borrowing costs and mortgage rates, sent the pound tumbling and shattered Britain's reputation for financial stability.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Slovak court pauses legal change limiting cooperating witness testimony
Ghana to license medicinal, industrial cannabis use
Real Madrid reaches agreement with UEFA to officially end Super League project
Defending champion Anthony's mistake hands moguls gold to Olympic debutant Lemley
South Sudan cuts cholera deaths, new cases amid sustained response
Zambia urges Africa to strengthen water management cooperation
1 dead, 2 injured in college shooting in Russia's Krasnodar region
Chinese medical team trains South Sudanese counterparts on first aid
Le Pen lawyers tell French appeals court she did not intend to do wrong
Electric vehicles in Kenya surge to 35,000 in 2025, driven by e-motorcycles

Others Also Read