Having a seriously thick PM is bad enough, but having a seriously thick PM that won't be told that they are wrong is even worse!

Truss and Kwarteng didn't need a warning from experts not to proceed with their plans, they only needed to open their bloody eyes. The Bank of England had raised its base rates six times in the preceeding ten months, from 0.1% to 1.75%. And they were a long way from finishing. The last rise had been by 0.5% and rates have now reached 4.0%. The BoE was desperately trying to prevent a spike in inflation due to rising energy prices from becoming entrenched in a wage-price spiral. Truss's mini-budget would have been massively inflationary; it contained a huge new spending commitment to subsidise energy prices and massive tax cuts too. The obvious contradiction between the BoE's fight against inflation and the governments policies pushing inflation even higher is what caused the pound to crash to its lowest level ever within minutes of the mini-budget being announced. A guide dog could have seen that coming and warned them not to do it!

Perhaps the warnings were coming from all those experts who we were told "...Oh, we’ve had enough of experts".

There is video of Rishi telling her the risks in a debate... How could she possibly try to argue this?

They didn't even discuss this with their cabinet , they weren't interested in anybody else's opinion.

So, essentially, she's blaming the 'woke bond markets'?

Can someone tell me what exactly Liss Truss wants to achieve with her comeback

The sheer brass neck of this woman is staggering no apology for the colossal damage just excuses and blaming others.

Only a reckless Politician would progress with a policy and not discuss its implications with colleagues and experts. Liz truss should pay back the damages herself

She committed what amounts to gross negligence -she rammed the ship onto the rocks despite repeated warnings. In my world, there is a serious enquiry (with teeth) and she potentially goes down for time. I'm not joking. There has to be consequences for this or we risk this kind of behaviour again. These people (politicians) are out of control..

I can't believe she's back in the news. Why isn't she in prison for the damage done to our economy in the short time she was in power - and if prison is a bit extreme, she should have been stripped of her MP status and never allowed to stand again. Shameful!

She’s lying. And her chancellor should have been able to work it out for himself, as should she, if they had the slightest clue about how to do their jobs. When politicians feel the need to trot out their excuses and they blame everyone but themselves for their own appalling mistakes, that’s generally a sign that they’re missing their old jobs so much that they haven’t accepted that their careers are over. Truss’s article in the press seems like a prelude to making a move back into power.

Nick Leeson £208,000,000. Liz Truss £55,000,000,000, Nick went to prison, Liz was fired!

Maybe the OBR would have warned them if they had sight of their plans.

Don't come back Liz, please.

She should be more aware. Prime minister is a top job - self responsibility is essential.

Liz Truss loved being Top Dog, trouble was she wasn't up to the job and had more Arrogant confidence than Wisdom. We could see it then, we can see it now.

She sacked the man who would have warned her so that he couldn't. That Scholar geezer, who apparently lives up to his name.

She was brought down by the lettuce...

She was probably listening but she hasn't got the intelligence to understand the meaning of the words Feckless, useless and dangerous. The perfect follow-on to Johnson.

Rishi Sunak even warned Truss what would happen during the leadership debates. I'm no fan of Sunak generally but he called the effect of Truss's policies before she even got into office

Hearing *only that which pleases her* is a trait I find very easy to imagine her possessing.

During the Tori leadership debates. Wasn't most of the criticism that Sunak had for truss around how irresponsible her economic policy was?

She messed up more than once, there is no more room for her incompetence

Truss is particularly close to the IEA, having founded its parliamentary wing Freer in 2011 and hired its former communications director to run her campaign

I don't hear any mention of her absolute lack of mandate either. Her extremist tax measures were not in the Tory manifesto as far as I can tell. How dare she claim that sort of mandate from a party leadership campaign? What's to stop any other party from standing on a centrist manifesto and claiming a mandate to do something entirely different based on a members only poll? Her actions were entirely illegitimate in my view and I for one am glad it went off in her face sooner rather than later.

Was there a hedge fund pay out on the depreciation of the pound?

Brilliant "fire alarm" analogy

Nobody told me I couldn't drive before I crashed into the wall.

I'm stealing that intro! 'Hello, let me introduce myself. I'm an expert'

She should stop trying to put the blame on others. She was prime minister the responsibility lies with her. The Conservative party should stop prioritising tax cuts for the very people who should be paying more tax millionaires. She and her freinds probably stood to benefit personally from these tax cuts. I'm always suspicious about Conservative tax cuts for the richest in society. They just let the poorest in society pick up the pieces that way they can Conserv their own bloated bank accounts. Well this time that attitude had serious consequences and went badly wrong and she should take responsibility and apologise to the British people who are left with the colossal bill of her reckless mistake.

The most self-delusional figure to appear in British politics for a l-ooo-ng time. I think she's genuinely in need of help.

Broad brush Tax cuts aren't stimulus You could say stimulate secondary glazing to encourage better insulation by making A+ replacement windows VAT free but cutting top rate tax has a return to the treasury of somewhere in the region of 20p in the pound Spend a pound on tax cuts gets round about 20p back to the treasury If you give Nurses a 10% pay rise then the economic multiplier on that would result in 80p of it going back to the treasury as its immediately taxed and the rest goes into a tax spend merry go round the economy. The current retain EU law bill that Truss introduced would remove supply side rules for goods and services making our market open to cheap low quality foreign imports which would cause business failures and farming bankruptcies, it also removes workers rights and with widespread unemployment would drive down wages at the bottom. The Truss agenda is basket case economics for the extremely wealthy

Didn’t they sack the Permanent Secretary to the Treasury?

She needed 4,000 words for her actions. I only require ONE for her 😋

Truss' stupidity is legendary.

Didn't Kwarteng's hedge fund buddies make a killing out of her 'recklessness'?

If you are in charge you take responsibility for all actions that happen on your watch. Week leaders try to pass the blame.

Oh dear. This man doesn't realize we don't listen to experts anymore.

how on Earth did she become PM?

We need adults in the room.

Politicians that lie? You don't say. And it was a conservative? How shocking....

She is an extreme example of Dunning -Kruger effect.

Liz Truss is the modern day equivalent of some obscure pretender who tried to claim the throne in the 1500s but failed miserably and ended up in the Tower or in exile. It’s her complete lack of self awareness as to how pathetically inadequate she was that gets me.

Liz Truss is often criticized. For someone who had the responsibility of running the 6th largest economy in the world, her reckless approach to government resulted in the crash of the pound and the British economy. A comeback or a token of forgiveness for this woman is not acceptable.

Dear Liz is a bore, disingenuous with the truth and seeking the blame on others. I feel so sorry for her husband

She is not some aberration, the party voted her leader, she represents them and their political ideology, dont let them write her off as some kind of freak, theyre all freaks

The problem with the UK economy is the banks and financial institutions. They were baled out after 2008, received huge bonuses, and hundreds of billions were spent on quantitative easing to keep interest rates low. What should have happened in 2008 is a few dozen public executions and a confiscation of assets

"Theya culpa" 😂 well played

Lizz No Truss , is history , much the same as Hoorah Harry ... Let them go , asap ..

The orthodoxy can always be challenged as long as it’s backed up with data. Giving uncosted money to hoarders was never going to be a winning plan…because there was no plan.

Should Sunik , remotely expect to win the next election , he must remove Truss from the Tory party ..

She must have gone to the Putin school of Leadership, where you are taught to ignore reality!

And still harping on about tax cuts .....they don't work ....high tax economies have high growth ....always been the case

She would blame the tools and not the work person who is doing the job Incompetence comes to mind

They fired the permanent secretary to the treasury who could warned them didn't they?

Theyaculpa! Brilliant

Dear oh dear Dizzy Lizzy 😂😂 🤦‍♂️

If you don't listen and change you will never progress

“Left wing markets” 😂

No accountability

LIZ. TRUST. Shortist raining PRIME MINISTER. In. British history. . That says. It all. and should. keep her mouth. Closed !

She really needs to go to the backbenches and get on with her job (for which we pay) of representing her constituents. When you've just walked into a wall, knew that you would, and were told it would hurt, you can blame the wall; but better is to act like an adult, learn your lesson, and try not to walk into walls again. Sadly, she pushed us into the wall too.

So Liz Truss doesn't tell the truth either. What a surprise,....or not...she's a Tory.

When a budget is written, it's given to the OBR for evaluation. Then, when it's presented to parliament, the chancellor or PM says "And here's what the OBR says about it". You can't blame experts for not giving you a report when you don't ask them for one.

Tories feel so entitled.. narcissists all over.

She is as bad at table tennis as she is with the UK economy

Not another 'expert' that actually does not even know about real economics... But then how many 'economists' do? Certainly no one in Government or advising them! Real economics is tied to everything in case you did not know and they all fail at it from politicians to economists!

The puppet of the IEA.

It honestly just sounds like LIz Truss wanted to rule by decree

Truss has written some shameless bilge over at the Telegraph. It really is pathetic.

Sunak warned exactly what her policies will do they called him a doomster. Others also pointed out that spending money you don't have can sink the economy. Michael Gove remarked that Truss has taken a holiday from reality. Truss and Kwarteng were both on the white stuff, which explained their irrational confidence.

🥬

Nobody told me that jumping off that cliff would result in serious injury... it's not my fault, I wasn't warned.. How could I possibly know it was dangerous?

Blaming your employees is absolutely disgusting for a manager. If only because you were responsible for hiring and training and coaching them. What happened to personal responsibility? What happened to "the buck stops here". Truss is human filth.

Speed isn't the only thing. There is a reason why cars have brakes.

Liz Trust knew all the risks. She studied economics at Merton College, Oxford. She knew that Professor Simon kuznets, who created the GDP formulate, warned that continual GDP growth is unsustainable, unfair and ecologically unsafe. Liz is also aware that Professor Kate Raworth, from Oxford university, shares Simon’s warning, but she and very few other politicians, financiers, or journalists, are listening to their advice. They still believe that growth, growth, growth, is achievable 🤣🫢😢

Does she think she can milk the system even more then with not knowing what she’s doing from the right to her left 😂

Liz Truss is a warning to all who say "How hard can it be?", sometimes very hard indeed.

Plopstain

Imagine two books 🤦🏻‍♂️🔫

When you are top dog then the buck stops with you............ end of.............

After 7 weeks as p.m does liz truss still receive £115.000 allowance.

Yeah, yeah, it’s always somebody else’s fault 😒… It’s not like Sunak, or anybody else ever warned here live on stage. And asking her to do her homework of course and asking the OBR would have been too much as well🙄🔫🤯

Those pesky left-wing financial markets ;

Red herring! No need for a warning, common sense for finance, economic, banking, treasury, home manager, business owner ..., if Govt/ any body, borrows for unfunded income (tax) cuts, the markets will respond. Simple.

Lets be honest, if you have a look at UKs economy and the financial situation of the state, UK is not fit for purpose. The situation is very difficult and Lizz does not have any solutions.

W E F had to get there man in at all cost

Liz who?

She’s not even a Thatcher-lite. At least Thatcher listened to her civil servants.

Pythonesque

Is there any certainty the LDI's were mentioned at all? I have read up on them and the LDI crisis is an obvious pre-existing issue which I had no awareness of. Surely, someone must brief a new Prime Minister and Chancellor - I fear for our country and every future government of any colour - if this was simply not done. Advisers are meant to advise and ministers are supposed to decide - are we sure this maxim held true? If she was not told this was always going to end badly. Ultimately of course Truss was ultimately responsible (like any PM).

The most deluded person in Westminster

Away with you Woman!

Common sense?

truss is like the scare crow in twoo, no brain and so is the most dangerous , and flip flops, likea judas, not to be truss tedd

What's going on in Thailand, with the Princess and their Govt tearing up the contracts and compensating everyone?

This stretches credibility. An obscure historian writes a paper and the Chancellor is expected to have read it and passed its warnings onto the PM. He has no idea how complex hierarchies work, despite being an "expert". Kwarteng will have had problems coping with his workload let alone tracking down academic papers. I have a master's degree in finance and most academic papers in finance are not worth reading.

So BOE (like the FED) knew they had failed to cautiously steadily raise Base Rate over the previous 5 years bc their QE billions of Bond purchases would drop in value dramatically (BOE losses) once I Rate did increase. So BOE sold off billions of the bonds they bought from the excess QE 2009-2022, avoiding losses from inevitable higher interest rates their procrastination delays actually caused. Nice way out to make Fallgirl scapegoat? Yes! Truss. Same type of BOE deceitful carelessness seen in withdrawing billions of loans from 1000's of successful UK companies 2008-9. Carney was awful. Bailey is economy carnage. Starmer will be worse still.

Pound shop Thatcher thick as a brick and greedy🇬🇧🇬🇧🇬🇧