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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

UK’s Shortest-Serving PM Liz Truss Blames Economic ‘Orthodoxy’ for Downfall

Outgoing British Prime Minister Liz Truss speaks outside Downing Street in London, on Oct. 25, 2022. (AP)

Former British prime minister Liz Truss blamed on Sunday the economic "orthodoxy" in the country's finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and "plan for growth".

Truss's tenure was cut short last year after her largely unfunded mini budget and tax cuts pushed up borrowing costs and mortgage rates, sent the pound tumbling and shattered Britain's reputation for financial stability.

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