After a 3-4 month silence, Liz Truss is staging a return to frontline politics, with both a 4,000 word opinion piece in the The Telegraph and an interview with The Spectator having been released today.
Here’s the interview, if any of you would like to watch it:
The interesting thing to note is that Truss is very defiant. She states that she “didn’t get everything right”, but she seems keen to stress that her position was the right one and that the “economic orthodoxy” and inherent “resistance” were the architects of her downfall.
For instance, she says that her and Kwarteng were not informed about issues with the bond markets prior to the Mini-Budget, caused by LDIs (liability driven investments), and she states that they would have acted differently had they known.
She also feels that her mandate was not respected, and that blaming her for current interest rates and mortgage rates is “unfair” given the LDI issues.
She is keen to make the argument for low taxes, and there is talk that Truss and her allies could prove to be quite a thorn in Rishi Sunak’s side over the next few months… with that being said, Truss insisted in the interview that she will support Sunak.
I must admit, it’s interesting to hear about what happened from her point of view, even if I’ll admit that her defiance does surprise me a bit. What do you guys think?