Liz Truss blames the ‘system’ for mission ending in 6 weeks
Truss, who broke his silence with his article in the Telegraph newspaper, stressed that he believed the tax cut policies were right and blamed opposition in the Conservative Party and a “strong economic structure” for the collapse of his government.
Noting that he underestimated the resistance free-market policies face in the “establishment,” Truss said: “I don’t claim to be innocent, but I have not been given a realistic opportunity to implement my policies. There was also no political support for my policies.” .used his statements.
Noting in his article that his government has been the scapegoat for “long-term instability caused by malinvestments,” Truss said he still believes in tax-cutting policies, but that the “forces” against them are very effective. .
Referring to the fact that most of the media and “public circles” are left-wing, Truss also criticized US President Joe Biden, who described his policies as a “mistake”.
WHAT HAPPENED?
After Truss, who frequently stressed the promise of “tax cuts” during the election campaign, took office as prime minister, the government announced that it was preparing to implement tax cuts totaling £45bn in total. on September 23, 2022.
This situation raised expectations that the country’s external indebtedness would increase and caused the pound sterling to experience a sharp depreciation.
After harsh criticism of the economic plans, the British government abandoned its plan to abolish the top 45 percent income tax rate.
Truss, who had been behind the tax cut plan many times before, was unable to resist public pressure on October 14, 2022 and replaced Kwasi Kwarteng as Finance Minister and replaced him with Jeremy Hunt.
Despite apologizing for “mistakes” that caused significant market volatility, the British public debate had already begun over how long Truss would remain in office.
After political and economic turmoil in the UK, Prime Minister Truss announced his resignation on October 20, 2022. (BRITISH AUTOMOBILE CLUB)