Truss: ‘I still believe in my vision for Britain’
September 18, 2023 • 11:37am
11:37AM
Liz Truss criticizes Mark Carney after ‘Argentina-on-the-Channel’ jibe
Liz Truss vehemently criticizes former Bank of England governor Mark Carney after he likened her vision for post-Brexit Britain to “Argentina-on-the-Channel.” In her response, Truss accuses Carney of being defensive about his role in the economic consensus that has led to low growth in the western world. She argues that politicians should be held accountable, but questions why those with significant power, like Carney, are not subjected to the same scrutiny.
11:23AM
Tory poll woes down to failure to deliver change, claims Truss
Liz Truss claims that the Conservative Party’s struggles in national opinion polls stem from their failure to deliver enough of the change that people voted for in the 2019 general election. Truss emphasizes the importance of listening to what people are saying and cites cost-of-living issues as a major source of frustration for the public. She believes that the party has not done enough to fulfill their promise of change, resulting in their current position in the polls.
11:02AM
Truss: Net zero drive has been ‘institutionalized’ before achieving ‘democratic consent’
Liz Truss argues that the net zero drive has been “institutionalized” before achieving “democratic consent.” She calls for a wider debate on the cost of implementing climate change policies and questions whether there is genuine international agreement on the issue. Truss suggests that the current approach may undermine the competitiveness of the UK compared to countries like China that do not have the same net zero commitments.
10:55AM
‘I don’t think the problem in the NHS is lack of money’
Liz Truss contends that the problems in the NHS are not due to a lack of funding but rather to systemic issues. While acknowledging that the NHS cannot be transformed overnight, Truss expresses her hope of setting a long-term trajectory for improvement. She believes that focusing solely on funding is not sufficient to address the challenges faced by the healthcare system.
10:33AM
‘In order to grow, we need to change’
In her concluding remarks at the Institute for Government think tank, Liz Truss emphasizes the need for politicians to make unpopular decisions in order to foster economic growth in the UK. She acknowledges the growing consensus on the importance of growth but highlights the reluctance to embrace the necessary changes. Truss calls for a departure from the stagnant economic consensus and urges politicians to prioritize the long-term wellbeing of the country.
10:31AM
Truss urges Government to delay key net zero commitments
Liz Truss suggests that the Government should consider delaying or abandoning certain net zero commitments, such as the ban on new petrol and diesel vehicles by 2030, as well as other environmental regulations that increase the cost of living. Truss argues that a wider debate is needed on the implementation and cost of these commitments, as well as the level of international consensus on addressing climate change.
10:26AM
Liz Truss concedes she was ‘in a rush’ to make changes at mini-Budget
Liz Truss acknowledges that she was in a hurry to implement changes during her mini-Budget last year. She refers to the policy reversal she was forced to make due to the threat of a UK meltdown. Truss admits to being ambitious in her objectives but states that her actions were driven by the public’s desire for change, as evidenced by the Brexit referendum and the 2019 general election.
10:19AM
Economic growth would have been 2% higher by 2030 under my plans, claims Truss
Liz Truss claims that if the policies she proposed in her mini-Budget had been implemented, the UK’s economic growth would have been 2% higher by 2030 compared to the status quo. She cites analysis by CEBR to support this claim, noting that investment would have also increased by 10%. Truss suggests that the long-term impact would have been even greater.
10:13AM
Treasury and OBR guilty of ‘abacus economics’, claims former PM
Liz Truss accuses the Treasury and the Office for Budget Responsibility of practicing “abacus economics,” which she views as overly focused on short-term results. She argues that there is a fatalistic consensus in the UK that low economic growth is inevitable and calls for a shift in mindset to prioritize long-term prosperity.
10:09AM
Truss: Conservatives allowed economic debate to be ‘framed and led by the left’
Liz Truss criticizes the Conservative Party for allowing the economic debate to be dominated by the left since the 1980s. She suggests that after the successful reforms of the 1980s, proponents of free-market economics became less actively involved in shaping policy, allowing academic institutions and think tanks to be influenced by left-leaning ideologies. Truss asserts that the party needs to reclaim the economic narrative.
10:05AM
UK must ‘shatter’ economic consensus to achieve growth, says Truss
Liz Truss argues that in order to achieve economic growth, the UK must break free from the prevailing economic consensus. She highlights the increasing urgency to address the issue of economic stagnation and calls for bold decisions and actions. Truss emphasizes that change will not be easy but believes it is essential for the future prosperity of the country.
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