Former Prime Minister Liz Truss has launched a scathing attack on key economic institutions, accusing the Bank of England, Office for Budget Responsibility and Treasury of being “captured by leftist ideology”.
In her latest criticism of Britain’s economic establishment, Truss claimed these institutions are “completely unaccountable” and have left the British economy in a “terrible state”.
The former Prime Minister specifically targeted current Chancellor Rachel Reeves, arguing her “BIG mistake was trusting” these institutions.
“It’s not only Rachel Reeves who should go – they all need to,” Truss declared.
The former Prime Minister has hit out at the Chancellor
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Truss, who lost her parliamentary seat at the last General Election, also expressed strong support for Elon Musk, praising him for “telling the truth about what’s happening in Britain”.
The former Prime Minister’s comments came after Shadow Business Secretary Andrew Griffith launched a blistering attack on Labour’s economic management, claiming Reeves “has no credibility”.
Speaking on GB News, Griffith criticised the Government’s initial budget decisions, saying “difficult decisions should have been made when the Chancellor originally did her budget”.
Griffith later accused the Government of “spanking billions up the wall on failed ideas around energy” and questioned Reeves’ ability to make tough decisions.
“All the decisions she’s made have been the wrong ones,” he added.
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Andrew Griffith told GB News this morning that the Chancellor ‘doesn’t have any credibility’POOLThe Treasury has ordered cabinet ministers to be “ruthless” in identifying spending cuts, following a turbulent week in financial markets.
An internal letter from Chief Secretary to the Treasury Darren Jones called for “ruthless prioritisation”, stating the upcoming spending review “cannot be a business-as-usual” exercise.
The Government is reportedly planning significant cuts to disability benefits, with the cost expected to rise by 60 per cent to £35billion annually by 2029.
Plans include stricter eligibility rules for disability benefits and requiring more substantial proof that payments are necessary. Truss, who is currently promoting her book “Ten Years to Save the West”, called for a new direction in British politics.
She also advocated for cooperation between Reform UK and elements of the Conservative Party, stating: “I want to see Reform work with the Conservative Party or elements of the Conservative Party that want real change in this country”.
The former Prime Minister even suggested that British politics needed something “new and fresh” to address the country’s challenges.