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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 ul… - Liz Truss
" "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.
English
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About Liz Truss
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.
Also Known As
Native Name:
Mary Elizabeth Truss
Alternative Names:
Elizabeth Truss
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Elizabeth O'Leary
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The Right Honorable Liz Truss
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Rt Hon. Elizabeth Truss
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Mary Elizabeth O'Leary
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Additional quotes by Liz Truss
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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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.
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