Liz Truss admits why she thinks she failed as Prime Minister

September 6 to October 25 was a short but memorable blip in 2022, when Liz Truss became, briefly, prime minister.

The 49 days saw economic turmoil and markets crashing, but Liz Truss is sure it had nothing to do with her.

In an interview this morning, she refused to apologise (again), saying that mortgage rates have gone up ‘in every country in the free world’.

This is a theme she has rehearsed quite extensively in her new book ‘Ten Years to Save the West’ about how she has been misunderstood and unfairly blamed.

In fact, she said the problems were mainly someone else’s fault.

Specifically, this would be the Bank of England Governor Andrew Bailey, who she previously criticised earlier this week while calling for an investigation into his response to her 2022 mini-budget.

‘The issues that I faced in office were issues of not being able to deliver the agenda I’d set out because of a deep resistance within the British economic establishment,’ she said.

But despite this, she confirmed on Sky News On Sunday today that she never actually spoke to Mr Bailey about it.

You can read more about it in her book, if you like (Picture: Getty)

‘I actually had a meeting set up and wanted to meet him, but I was advised that would be a bad idea,’ she said.

‘Perhaps I shouldn’t have taken that advice, but that advice came from the Cabinet Secretary, and what I didn’t want to do is further exacerbate the problems … But what I was very, very concerned about is the country was in a serious situation.

‘I didn’t want to exacerbate that situation by making it worse … In retrospect, yes, I probably should have spoken directly to the Governor of the Bank of England at the time.’

Ms Truss also confirmed she has never met Mr Bailey in person, only ever by Zoom, and would be happy to meet him at some point.

Labour has accused Ms Truss of engaging in a ‘twisted victory lap’, holding her responsible for rising mortgage rates and home repossession claims since her brief tenure in Number 10.

Asked directly whether she would like to return to Downing Street, Ms Truss said: ‘No.’

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