Liz Truss's Mini-Budget Strategy

This is a Chevening news story, published by The Times & The Sunday Times, that relates primarily to Truss news.

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Whitehall budgets

The Times & The Sunday Times

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Liz Truss psychologically unfit to be PM, say aides

Summary

Nutrition label

70% Informative

Liz Truss knew she was going to win the Tory leadership contest in 2022 .

She gathered her team at Chevening , the Palladian house in Kent which is the grace-and-favour home of the foreign secretary.

Economists, ministers and civil servants all advised her to tread cautiously.

One conviction they did reinforce was Truss ’s decision not to ask the Office for Budget Responsibility to do a formal forecast of the public finances.

The last thing to be agreed was the number above which energy consumers would not have to pay more for the next two years .

Truss peremptorily declared: “Make it 2,500 .” She got “very testy’ with Simon Clarke about investment zones’s “testy” approach.

Kwasi Kwarteng said she and Liz Truss 'mantantly support getting rid of this ridiculous rate' Eleven days later Truss sacked her chancellor.

Six days after that, she resigned as soon as she did, as did Truss .

If you’re going to do it, it were done and twere best it was done quickly” said Truss . “That’s exactly what I was thinking,” she said.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English