April 21st 2024.
After a short and eventful 49 days in 2022, Liz Truss found herself holding the title of prime minister, albeit briefly. Despite the economic turmoil and market crashes that occurred during her time in office, Truss adamantly denied any responsibility for these issues. In a recent interview, she refused to apologize for the state of the economy, citing the rise in mortgage rates across the entire free world as evidence that it was not her fault.
This defense was not new for Truss, as she had previously written about it in her book "Ten Years to Save the West." In her book, she claimed that she had been unfairly blamed and misunderstood by the public. She even went as far as to accuse the Bank of England Governor, Andrew Bailey, for the problems that arose during her tenure. Truss had criticized Bailey earlier in the week and called for an investigation into his response to her 2022 mini-budget.
In her own words, Truss explained, "The issues that I faced in office were due to a deep resistance within the British economic establishment. It was not my fault." However, she admitted that she never actually spoke to Bailey about her concerns, despite having a meeting scheduled with him. Truss revealed that she was advised against meeting with Bailey by the Cabinet Secretary, and she followed that advice in an attempt to not make matters worse.
Looking back, Truss now admits that she should have met with Bailey regardless. She explained, "I didn't want to exacerbate the problems that the country was facing at the time. In retrospect, I should have spoken directly to the Governor of the Bank of England." Truss also clarified that, despite having only met with Bailey through Zoom, she would be happy to meet with him in person at some point.
In response to Truss's brief tenure as prime minister, the Labour party has accused her of engaging in a "twisted victory lap," taking credit for the current economic state and the rise in mortgage rates and home repossession claims. When asked if she would like to return to Downing Street, Truss firmly stated, "No." It seems that her time as prime minister was short-lived, but she is not looking to return to that position.
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