So not even our Prime Ministers are in charge of this country.

I think she has a valid point we don't live in a democracy anymore

The public believe we exist in a Churchillian world, where a leader can unilaterally commit the country to an apparently lost cause. Politics since WW2 has developed so that whole continents move in lockstep, overseen by a managerial class with one eye on a comfortable exit.

Truss was not the cause of the crash. It was 100% orchestrated the blob refused to change

You can tell from this interview that the political editor of the spectator was best man at rich boy Sunak’s wedding.

Nelson has just confirmed that he's just a Wet Liberal and should not be Editor of the Spectator.

So basically we don't live in a democracy where who we vote for make the key policies, it's done by others who aren't elected, so what's the point of voting for the party you feel has the right policies for you when their hands are tied and they can't change a dam thing!. Which is what I got from watching this!.

The Anglo-sphere center Right has been key to reducing our ancestral homeland to an economic zone open to the World in the interests of international finance. We live under a international oligarchy now.

Most people that go into politics, go in with ideals and dreams of change! At the end of their career, they will have only achieved the knowledge that changing the system is near on impossible! So yes, we need a system overhaul!

I once met Liz Truss at a charity do. She was surprisingly down to earth and extremely funny

Interviews with UK politicians makes me glad I emigrated. She is right though…the UK needs reform in the civil service. I worked in it and recall my American colleague saying we had two gears sideways and reverse!

As a Conservative Party Member I voted for Liz Truss - the IMF moved her out and 'installed' Sunak and Hunt instead. I'm no longer a member of the Conservative Party.

Prior to Brexit I had been reading a number of biographies of leading politicians from both the left and right. Many of them complained about the restraints that the EU had put on their actions. It is interesting that Liz Truss is now putting forward very similar complaints about the Establishment in the UK. For example the EU were blamed for high levels of immigration but now it is the OBR that are to responsible.

Shame that by all accounts she enforced too much too soon. I believe that potentially she would have been a positive force for Britain, and certainly an improvement on the current PM!

Why is she still being pushed before my eyes? Why is Cameron still in politics? I mean, something is wrong here.

Well, Truss seems to have had a Damascene moment and finally realised what many of us have known for too long.

I have lost respect for Mr Nelson. He needs to go away and learn about the LDI scandal. which happened on the technocrats' watch. He glibly refers to '"rising bond markets". If only it were that simple.

how much does Freddie expect Truss to have gotten done in 42 days? like he's talking at her like she promised and failed to deliver over her term. she had barely the opportunity to have a cup of tea! for christ's sake

Reform is the only party committed to System Reform. It's time to ditch the socialist Tories.

Honestly has to be one of the best PR cover ups by the treasury claiming the mini budget was the reason for crashing bond market and hence rise in mortage rayes. Basically we owned 60% of the worlds LDI’s which were sensitive to interest rises since the interest you have to pay back on LDI’s matches the current interest rates and given inflation at the time of course interest rates rose. Pensions were also heavily invested in LDI’s. When interest rates rose the BOE decided to sell/short its LDI’s shares hence crashing the bond market, also made worse by the strengthening US dollar and asian markets taken advantage of UK owned LDI’s. The timing of all this was coincidental and the treasury used her mini budget as a scapegoat and how the hell they got away without an investigation is beyond me. Thousands of people have lost most of their pensions and rises in mortgages leading to people loosing their homes… Also what is annoying is that the OBR said there was a £70 billion blackhole of missing taxyoayer money when there wasnt when she announced her budget trying to make her cuts seem unaffordable. To those that say her tax cuts were unaffordable, although she cut loads of tax the plan was to freeze goverment spending indefinitely. Currently with Rishi even though he brings in more tax revenue, he had also spends more. If you look at the figures we actually would have already been better off with Liz tax cuts due to less government spending compared to now.

& yet the Minister for pork markets grifter somehow manages to completely fail to mention the City of London Crown Corporation, the W.E.F., ‘Elbit Systems’ or The Pilgrims Society 😂

Zero seats.

Remember, 1p off income tax crashes the entire economy but giving £12bn to Ukraine is totally fine and spending £400bn on Covid measures is also absolutely fine!

The Spectator needs a new editor, Fraser Nelson would be more suited to the lefty Guardian. That way he can spout his anti Conservative, pro open borders nonsense all day long.

possibly could have done without the american-style intro movie or at least have a timestamp to the actual start of the video.

We've taken the UK out of the EU, we still need to take the EU out of the UK.

What a piece of work, & I wasn't referring to the book. 🤨

Sounds like she hasn't watched Yes, Prime/Minister

When she starts talking about Ukraine it all comes flooding back. Good god this thing is thick as mince. How the hell did it ever get into a position of such power?

My Geordie friend, Michael, who works in a BP garage, fancies getting into marketing for a publishing company so I set him the challenge of trying to sell the new Liz Truss book to me, with me playing the role of a sceptical potential buyer. "Would you like this booook?" he said, (Yes, I know it's often hard to understand the Geordie people). "Who’s it by?" I responded. Michael said: "It's by this woman what used to be Prime Minister, but, she wasn't very good, so now she’s not. She went right doon right, and hit rock bottom man, and now she’s on her way back up right, but I mean she’ll never get back to where she was, cos them days is over like, but she’s coming back a bit." At this point I had to inform Michael that I wouldn't want to read a book like that, because it sounded depressing. I added that his sales technique was awful. And that he was low on Bodyline Brushable Joint Sealer.

I’ve been looking forward to watching this all day. Need a good laugh

Her inability to explain her position on Brexit completely destroys her credibility and clarity of thought. She is a professional politician who rose to be PM, but she admits she didn't realise the power of the bureaucracy (ie. lack of democracy) until after the referendum. She should have referred to the 52% of the population who could see it as plain as day. I despair of our political class. They are clearly drawn from the wrong pool.

I was certain Mad Nads Dorries was the thickest MP of all time, i might have to change that now, Thick Lizzie takes over.

Why did Truss interfere in Ukraine elections .....why not ask that question?

My mate Truss says "And they dare to suggest other countries are dictorships" 😂 she goes on to say "At least they know whos in charge, we have no idea"

ZERO SEATS!

Basically what she is saying 'Should the Bank of England or any other institution except parliament or the polls be able to sack a PM ?'

Anyone buying Liz Truss’s political rebranding...or her book?🤦‍♂😂 Me neither!

Yes, this is not the real problem, and Liz knows this very well, maybe it could also be emigration, but the problem is that almost all companies that have profits of several million or more do not pay taxes, and the problem is not only here, the profit of those who do not pay taxes are not invested in the UK, money goes to other places, but they all, I mean the government, have businesses that do this.

Right ideas ! 👍 keep at it Liz, you have the solutions. Government is the actual problem 🙄

Why does the media give this person air time?

Benjamin Disraeli told us who runs the country. No need to explore further, just heed the lessons from history.

Well done Lizz Truss for calling out the Quangos. Their professional failure rate, in comparison to financial investment into them makes 1970's British Rail look good. Again well done Truss.

Is there any news outlet she hasn’t done an interview for? You’d think she had a book to plug, or something. 😳

She's insane and deluded

I think Fraser is correct when he asks, is this you writing the obituary of the Conservative Gov. This entire interview feels like a post justification and an excuse for barely any delivery.

How is pouring weaponry into a foreign conflagration whilst importing infinite africans 'conservative'?

The Art of not being able to make a Coherent Argument on anything.

"You were tapping the markets for a staggering amount of money" he says as he brushes over borrowing our entire GDP to pay people not to work for a year.

Rescind all Net Zero rules, then you have my vote, you still have a few month's.

"The mess we're in"... after 14 years of Tory govt! Keep saying it, though not to make it true, but so that people don't forget the truth.

Answer to her question - foreign billionnaires who control the opaque think tanks of Tufton Street, who then control the overall direction of the Tory Party via the front bench or back benches as circumstances dictate. The same people who pay ridiculous sums to fifth rate controllable Tory politicians to give speeches to think tanks in the US.

Zero Seats

Simple,the ones you cant criticise they are your Rulers.😊

I might read her book as a piece of fiction, a novel. I don't see libraries categorising it under non-fiction, though.

I'm certainly not going to waste my money buying her book. What about you ?

She sounds confused on the issue of Trump. It's true that he gave Ukraine some Javelins, but that was because he was hoping for something in return, namely a compliant Zelensky. But to deduce from this that he would carry on supporting Ukraine is to ignore every statement he's made on the war. It's prudent to heed what people say rather than second guess what they're going to do once in office.

Please please run for leader ! It will completely destroy the Tories if she's re-elected 🤣

Lettuce prey.

By attempting to remove the 45% band she (well Tufton Street) stuck two fingers up to the whole country. Totally politically inept.

Her book has an interesting title - I think it’s optimistic to say the least

Will her next book be called "Bouncing Back"? Will she have the last laugh?

Such vital perspectives The Spectator is covering. Glad to see some standards are still flying high!

Liz was the last real chance the Tories had of turning around their leftward spinning decline, and they screwed it up in favour of the ultimate 'man that nobody wanted' Little Rishi.

She's all over the place. Didn't understand the extent of the affect from Brussels on the UK, while the general public who voted Brexit did, and is ok with 100-150k immigrants per year, while the general public want if stopped. Our culture and the detriment to our services is more important than economics

"The wise man blames himself, the fool blames others" - Confucious

Prefect timing for her book, should do wonders for the opposition already powerful lead in the polls, well done Liz, as usual a vote winner.

People in the uk love truss , higher mortgages due in part to truss kwarteng s disastrous budget …. Her approval rating is fab to minus 75 , to that in perspective sunak is the most unpopular pm after truss at minus 35 ….. in other words she is hated by the uk public

You certainly wont get any strengtrh or mnoral clarirt fron the fest of the Conservcative Party or government and nor, may I say Fraser, from the MSM. So the problem existed when Cameron-Clegg came into office and nothing has been done to resolve the blob issues and Truss admits they made it worse. So why did she not get on a platform years ago and shout about this. So the longer this discussion goes on the more and more right the analysis of those regularly abused by Tory politicians. People like me who complained about the EU and its effects on democracy and at a Bruges Group meeting soon after he took over the Speccie editorship he seemed not to understamnd the point. So UKIP nutcases were right and those oh, so clever chaps in Whitehall were wrong. Still no explan ation why we cannot use work permits instead of "immigration" which is permanent right to abode, regardless of official status. Increaded immigration makes the countryt poorer unless the average earning sof them is aboiut three times current avderage UK income and that must take accoiunt of all dependants of anyone with a work permit. The idea there is an adverse relationship between controlled, lower immigration and GDP growth is barmy. Just mad.

What Truss doesn't mention is she did not consult the Bank of England about her plans. So they didn't have a chance to counsel her on whether Bond Market changes would be risky.

Immigration. Theresa May signed the United Nations Migration Compact in 2018. This entitles anyone to migrate regardless of their circumstances. It doesn't take a genius to work out that the migration will be one way traffick, i.e., migration from countries outside Europe, mostly third world countries. The UN regards criticism of this compact as hate speech.

I remember when Cameron said thered be a bonfire of the Quangos and hed do away with most of them, wonder what happened?

this whole pretence that Nelson doesn't understand or see what a deep state could possibly be, and make it out to be childish just expresses how little he actually gives a shit - its blatantly clear, as Truss said, that the bureaucratic state is huge and over powerful, this is not controversial.

Anyone got time stamps ?

mad pure and like her simple. anybody who thinks different. needs to get back in their basement

Zero seats

Well, Tony Blair and Thatcher were in charge when they were PMs. Apparently Truss was not in charge when she was PM and everything that happened right down to her sacking her chancellor for doing what she ordered him to do was all someone else's fault. Clearly she is incompetent.

Would agree that quangos such as the BoE operate entirely independently of public opinion and do so largely because what they rule about is a vastly important technical area that the public does not understand. QE has had really significant economic consequences that are just not understood generally even by the BoE. That we now have 35 year olds living with their parents because they can't afford house prices is one of the many consequences of such economic mismanagement by the technocrats.

England has fallen......

ordered the book

Popping down to Poundshop this morning to get a copy of her book. Will the crayons be included,or will I have to buy them separately?

Alright! Who’s let Liz out again? This has got to stop, give me the keys!

Why give this platform to a person who in such a short space of time caused havoc. She has zero credibility in my view.

Liz Truss sees through the mess and, on balance, has the guts to say so and has tried to act accordingly. We have all learned that the blob has no interest in change as it would undermine their own position.

Much more interesting... who or what is running Loony-Lizzy ??🤔

The money.

"Succeeded in some areas." Does not go on to explain what areas.

Liz Truss still doesn't seem to realise that she was brought down by a rather arcane technicality in the financial markets, which caught everybody by surprise. (I mean everybody). Who knew that the defined benefits pension industry had structured their portfolios for maximum profits, using massive leveraging on their gilt holdings (with fancy derivatives to offset risks), called LDI, but which could not handle a spike in interest rates over too short a period, which in turn led to a cascading gilts market, owing to the margin calls and forced sales of their gilt holdings? This was the "crash flash" of the rather boring gilts market. Thank God, the BOE stepped in to save the economy. Question: have the defined benefits pension scheme portfolios been restructured to eliminate this risk, or is the time bomb still there?

She needs to join REFORM UK. Very silly. TRUMP does not want to destroy Russia - which would be insane. He wants to accept the differences and harmonise with them. It is called allowing diversity.

She should join Reform,With what she knows to inform the people whats realy going on.

he next conservative government must reverse all blair's constitutional changes

Thank you Spectator TV for delivering a probing and interesting discussion. No way would you have got this on BBC or Sky it would just be shouting, accusations and attempts at Gotcha moments for social media shares. Thoughtful long format interviews are what you do best.

She doesn’t have the language to describe the problem. She refers to “the left”, but I think she means the public/private partnership or managerialism as described by James Burnham (in the managerial revolution 1941). Whereby, the traditional capitalist entrepreneur is replaced by the asset management fund. Which has a symbiotic relationship with Government (buying rubbish government bonds and in turn expecting to be bailed out if they ever face problems). Because she doesn’t have the language to describe it, it leads to her saying things like “lefty bankers” etc which the public just laugh at.

Nothing surprising to anyone with an interest in politics and economics won’t have surmised especially over the last decade.

Steve Bannon divisive? USA is fifty fifty right now.

Well it wasn't her who ran the country was it😅

Please don’t give any more airtime to this fool - she was not only a catastrophic PM but made us a laughing-stock.

Change and versioning is different though

Best speedrun ever.

You'd get more sense if you interviewed the lettuce.