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

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She said she believed her recipe for Britain by cutting taxes and removing some regulation was the right one. Read more at straitstimes.com.

LONDON – 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”.

But she was not successful, she wrote, because she had underestimated “the blob of vested interests” and orthodoxy. She blamed the reaction not only on what she described as the left-leaning orthodoxy of the economic establishment but also on liability-driven investments , which pension funds use to cover their obligations. LDI’s were at the centre of the market turmoil following her mini-budget.

 

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aka political naivete and opportunism are a disaster mix made in hell.

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