Liz Truss has claimed she was never given a “realistic chance” to enact her radical tax-slashing agenda by her party and a 'very powerful economic establishment'.
“I assumed upon entering Downing Street that my mandate would be respected and accepted. How wrong I was.Liz Truss makes her final statement in Downing Street in front of national and international media, October 25, 2022.“Similarly, I underestimated the resistance inside the Conservative parliamentary party to move to a lower-tax, less-regulated economy.”
Within her first week in the role, Ms Truss announced her energy support package to deal with the cost of living crisis.But her pledges for quick action were quickly put on hold when Queen Elizabeth died, marking the beginning of 10 days of national mourning. The end of September was the pivotal moment for Ms Truss' premiership when previous Chancellor Kwasi Kwarteng announced billions of pounds worth of tax cuts in a mini-budget.The move led to the pound plummeting and the markets faced financial turmoil as the government then fought to fix the chaos.
Tory infighting piled pressure on the leader for her last few weeks at No10, with her being forced to u-turn on several of her policies as well as replacing her Chancellor with Jeremy Hunt and Home Secretary Suella Braverman also stepping down.
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