Truss believes in the wisdom of the markets. It is the unaccountable power of quangos, civil servants and law courts she fundamentally mistrusts. So what caused the banks and the currency exchanges to turn against her? Are they communists, too?

Back in our tutorials, Truss demonstrated an unnerving ability to surprise. No other student matched her mischievous ability to read out essays on any number of the main events in British political history which always managed to say something new; not always accurate, but definitely new.
These essays were creative and self-consciously unconventional. As we argued over the hour, she almost never backed down, even when I did what all Oxford tutors try to do and present fact after fact to try to change her mind.

We should all raise a toast to our biggest export success. Europe has a taste for Scotch and the industry will do better if we remain in the EU because whisky producers have hassle-free, easy access to the single market of 500 million people. The Scotch whisky industry has strong global trade links beyond Europe in America and Asia, and their business leaders are clear that the EU single market provides the best conditions to reach even greater heights. Leaving the EU would be a leap in the dark for our great British food and drink industry and could lead to years of negotiations on new trade deals - with no guarantees at the end.

Patriotic Brits have had enough, they've had enough, and we look across the Atlantic with envy.
We see President Trump in the executive, in the Oval Office signing off executive orders and we want some of that in Britain. [...]
We want a Trump revolution in Britain, we want to flood the zone, we want Elon and his nerd army of Muskrats examining the British deep state.
We missed the first American revolution in 1776, in fact it was a revolution against us, but we want to be part of the second American revolution.

10 Downing Street for a meeting with Liz Truss to discuss the issue of childcare. I like Liz, but she doesn’t listen very much, and when people try to make points, she just talks straight over them in a slightly irritating and rather 'deaf' way. Once she's made up her mind, she switches into full auto-drive mode.
While Liz was in one of her long descriptions of how her policy should work and why it was better than all the other options, I happened to glance up onto the wall behind her, and there looking down on us was a portrait of Margaret Thatcher. Liz Truss is, in fact, like a young Margaret Thatcher on speed, and either she's going to shoot straight to the top of the Cabinet or she's going to overdo it and blow up entirely. I think it will be the former but we'll have to see.

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I once wrote a book about this which got mischaracterised – British workers produce less per hour than … and that’s a combination of kind of skill and application. [...] If you look at productivity, it’s very, very different in London from the rest of the country. But basically … this has been a historical fact for decades. Essentially it’s partly a mindset and attitude thing, I think. It’s working culture, basically. If you go to China it’s quite different, I can assure you
[...] There’s a fundamental issue of British working culture. Essentially, if we’re going to be a richer country and a more prosperous country, that needs to change. But I don’t think people are that keen to change that.
There’s a slight thing in Britain about wanting the easy answers. That’s my reflection on the election and what’s gone before it, and the referendum – we say it’s all Europe that’s causing these huge problems … it’s all these migrants causing these problems. But actually what needs to happen is more … more graft. It’s not a popular message.