Liz Truss: I was never given realistic chance to enact tax cuts

Liz Truss: I was never given realistic chance to enact tax cuts

Feb 05, 2023 by BBC News - UK Politics

Key Facts

  • Ms Truss was forced to quit after she and her chancellor Kwasi Kwarteng's £45bn package of unfunded tax cuts panicked the markets and tanked the pound to a record low.
  • Ms Truss said that while her experience last autumn was "bruising for me personally", she believed that over the medium term her policies would have increased growth and therefore brought down debt.
  • But at this point, it was clear that the policy agenda could not survive and my priority had to be avoiding a serious meltdown for the UK," she wrote.
  • "I have lost track of how many people have written to me or approached me since leaving Downing Street to say that they believe my diagnosis of the problems causing our country's economic lethargy was correct and that they shared my enthusiasm for the solutions I was proposing," she said.

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