Prime Minister of the United Kingdom in 2022
Mary Elizabeth Truss (born 26 July 1975), known as Liz Truss, is a former Prime Minister of the United Kingdom and Leader of the Conservative Party. She resigned from these posts on 20 October 2022, after only six weeks. Before her appointment as the British PM on 6 September 2022, in succession to Boris Johnson, she served as Secretary of State for Foreign, Commonwealth and Development Affairs from September 2021. Earlier in her career, she held posts as Secretary of State for International Trade and President of the Board of Trade from July 2019 in Boris Johnson's cabinet. Following the resignation of Amber Rudd, she gained the additional position as the Minister for Women and Equalities in September 2019. Truss was the Member of Parliament (MP) for South West Norfolk from 2010 to the 2024 general election, when she was defeated. Truss was Secretary of State for Environment, Food and Rural Affairs from 2014 to 2016, Secretary of State for Justice and Lord Chancellor from 2016 to 2017 and Chief Secretary to the Treasury from 2017 to 2019.
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So it was that I won the leadership election with a clear mandate from my party in the country and, by the close of the ballot, the backing of the majority of MPs declaring a preference. I entered 10 Downing Street determined to deliver the bold action I had promised, with the economy and energy as my key priorities at the top of the in-tray.
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However, brewing in the background there was an issue relating to pension funds, which neither of us had been made aware of – a problem that would ultimately bring my premiership to an abrupt and premature end because of the panic it induced.
At no point during any of the preparations for the mini-Budget had any concerns about liability-driven investments (LDIs) and the risk they posed to bond markets been mentioned at all to me, the chancellor or any of our teams by officials at the Treasury. But then, late on the Sunday night, came the jitters from the Asian markets as they opened. I was alerted to this on the Monday morning, at which point the Bank of England governor was wanting to make a statement on LDIs.
Liz Truss is already a historical figure. However long she now lasts in office, she is set to be remembered as the prime minister whose grip on power was the shortest in British political history. Ms Truss entered Downing Street on September 6th. She blew up her own government with a package of unfunded tax cuts and energy-price guarantees on September 23rd. Take away the ten days of mourning after the death of the queen, and she had seven days in control. That is the shelf-life of a lettuce.
Two-thirds of the apples and nine-tenths of the pears that we eat are imported, not to mention two thirds of the cheese. And that is a disgrace. From the apple that dropped on Isaac Newton’s head to the orchards of nursery rhymes, this fruit has always been a part of Britain. I want our children to grow up enjoying the taste of British apples as well as Cornish sardines, Norfolk turkey, Melton Mowbray pork pies, Wensleydale cheese, Herefordshire pears and of course black pudding.
Now people are joining the civil service who are essentially activists – they might be trans activists, they might be environmental extremists – but they are now having a voice within the civil service in a way I don't think was true 30 or 40 years ago, so we just have a wholly new problem. And frankly, 100 political appointees [aides], doesn't even touch the sides in terms of dealing with that.
I knew Truss at university. She was a library-bound anorak, with no lingering smell of depravity about her small, neat form. I never saw her drag a married man into a recess at a political meeting and ravish him on a pile of electoral reform leaflets. If she is debauched then I am the devil herself. But Truss had the courage and ambition to enter British politics. I did not.
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This is a naked conservatism that believes in itself with such fervour it thinks facts should make way for its fantasies. Borrowing for tax cuts in a period of surging inflation was always going to spook the markets, but Truss’s faith told her otherwise. She was determined to jump off the cliff, insistent that all the talk of gravity was so much stuffy scientific "orthodoxy".
The refusal to bow to empirical evidence, to reality, is Truss conservatism’s defining feature. Its origins are not mysterious. We might call it Brexitism: the creed that holds that the real world, even the facts of geography, can be bent to your will, just by closing your eyes and wishing it were so.
The danger this new captain faces is not that she will be ousted by her MPs, but that any loss of authority will make her difficult job impossible. If her first week brings any sense of economic events spiralling out of control ... or of the No 10 operation being no more cohesive than the last one, then MPs will rebel more frequently, foreign leaders will make agreements less easily and millions of voters will look to other parties more eagerly.