Eleven gambles that went wrong for Liz Truss

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Nick Robinson looks at the biggest risks taken by Liz Truss during her seven weeks in No 10 - and why they did not succeed.

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In the autumn of 2022, Liz Truss bet her premiership on a so-called mini-budget that ripped up decades of economic orthodoxy. It did not pay off.

During the campaign, her rival, the former Chancellor Rishi Sunak, called her ideas "fantasy economics". His ally Michael Gove said they were a "holiday from reality".Then-cabinet minister and one-time Truss ally Simon Clarke describes the mood in the Truss campaign as "revolutionary". He says: "You could definitely sense that she herself had resolved that it was do or die.

She believed its forecasts were usually wrong and that it did not share her belief that tax cuts could stimulate growth and, potentially, pay for themselves. Jon Moynihan, who was Liz Truss's main fundraiser and spoke to her regularly throughout the campaign, says: "This whole idea that you have to get the tick of approval from the OBR, which has been consistently wrong in its financial forecasts is, in my view, anti-democratic."We certainly discussed the importance of making sure tax and spend were in alignment. The question is...

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Just 11 🤣🤣🤣🤣

I feel for her.

We don't want Govt's to gamble. We demand competence, which is sorely lacking with this shower in charge

Presumably that doesn’t include the gamble with Kwarteng?

1. Becoming prime minister 2. See number 1 3. See number 1 4. See number 1 …

Noted its 40 days since Rishi became PM today. Meaning he will have passed her length of tenure by end of this week. Not a lot happening at all. Truss was just impatient, not up to the job and a menace. 11 mistakes in 44 days is pretty dire clueless LizTruss

Those are not gambling, because in gambling 'the house always wins'. However, in her game the house (the UK) also lost.

Who

She did her best during her short appointment, so that Rishi had time to remove himself from several companies boards and hide his ownership of shares.

Only 11🤷‍♂️

The word ‘gamble’ suggested there is a chance of winning. The fact that none of her gambles resulted in a win shows that they weren’t gambles. They were merely incompetent blunders fuelled by the same Dunning-Krueger mentality shared by all Tory MPs.

She was never up to the job PrimeMinister

No 12. Becoming an MP in the first place.

She got away with it. She will not be looking at heating or eating, ever. We did not, we pay for the iea experiment. We get heating or eating for years to come. Conservative Party put her there.

And the British public are paying the price

In ancient rome she’d have taken a hot bath and opened her veins for shame by now

Truss was an arsonist & ideological fundamentalist. How anyone voted for her deranged lunacy is beyond me. Trussonomics KamikazeKwarteng ToryArson GeneralElectionNow ToriesUnfitToGovern

I see Stilts now sees political value in sticking the knife in

Sacrificial lamb

She had been used to being laughed at and mocked all of her political life. And now we know it was with good reason. Just glad she's not negotiating any more brexit trade deals which leave us worse off

Into the poo

The elites like the iealondon et al has been throughly discredited. Trickle down economics does nt work

‘Gambles’ with our prosperity and our children’s futures.

That’s like 1 gamble every 4 days as PM 🤣🤣🤣

1 Kwasi Kwarteng 2 Tufton Street loons 3 Kwasi Kwarteng 4 Tufton Street loons 5 The ERG 6 Mogg 7 Pork Markets 8 Brexit 9 Mogg 10 Steve Baker 11 PORK MARKETS

No one talks about the 3:30 at Chicester, but there you go.

It only took ONE gamble to see her fall. THINKING she was the new THATCHER! And thankfully even her own party saw through that ruse. Sanctimonious narcissist! I even forgot she existed until I read this.

FIFY 11 times we were shafted by the Tory party! 🙄🤬😡🤬

DougJBalloon

Gamble 1: be a woman

More than 11 actually. My latest btw. Enjoy.

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