Former UK PM Liz Truss is blaming the left-wing 'economic establishment' for ousting her
Publishing timestamp: 2023-02-06 07:24:32
Summary
Former U.K. Prime Minister Liz Truss is blaming "powerful economic establishment" for bringing her chaotic 44-day tenure to end last year. She argued that she was never given "realistic chance" to implement her tax-cutting agenda and blamed both country's economic institutions and her own party for her downfall. Current Business Secretary Grant Shapps gave credit to her longer-term vision, but former member of Bank of England's Monetary Policy Committee Michael Saunders said Truss was brought down because financial markets did not deem her policies credible. Current Prime Minister Rishi Sunak's government reversed Truss' entire economic agenda and announced a 55 billion program of tax rises and spending cuts.
Sentiment: MIXED
Keywords: british 10 year gilt, business news, gbp/usd, central banking, politics, economy,