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" "If it came down to a straight choice of revoking Brexit and a no-deal, I would choose no-deal.
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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[In response to Truss's essay for The Telegraph published on 4 February 2023.] Truss’s wider point is that on economic matters, everyone else – the IMF, the OBR and the bond markets – was out of step with her. She had a mandate and that should have been respected. It is an odd argument for someone who professes to believe in markets.
If your fiscal policies require you to borrow an additional £72bn, it is an unavoidable reality that you have to pay a lot of attention to what the people lending the money to you think. If they do not trust you, they will demand a higher price for lending to you.