Liz Truss’s mini-budget looms large in the election campaign – here’s why it was such a disaster

Liz Truss resigns as prime minister in October 2022 after the disastrous mini-budget. Sean Aidan Calderbank/Shutterstock

The words “Liz Truss” and “mini-budget” have become shorthand for financial recklessness and economic chaos. But what was it about the former prime minister’s economic management that was so disastrous?

Truss’s premiership was defined by the mini-budget disaster, where she promised £45 billion of unfunded tax cuts and hoped to unleash runaway growth.