Liz Truss’s Political Downfall and Vision: A Closer Look
Liz Truss, the former Prime Minister, finds herself at the center of political scrutiny following her resignation. In her new memoir, Truss attributes her downfall to the independent Office for Budget Responsibility (OBR), claiming the organization produced an overly pessimistic forecast that spooked investors. This argument bears a striking resemblance to the one made by the hard left in 1976, when then-Chancellor Denis Healey blamed the Treasury for overestimating future government borrowing during Britain’s IMF loan crisis.
However, both Truss’s and Healey’s claims are nothing more than delusional attempts to shift blame. Forecasts, by their very nature, carry a degree of uncertainty, and anyone who uses them should be well aware of that. Moreover, the idea that one can borrow money and then complain about the lenders’ concerns over repayment is simply absurd.
Truss’s unwavering belief in her own innocence is symptomatic of a deeper problem within the Conservative Party. Her fundamentalist concept of liberty, which prioritizes minimal taxation and a fear of state intervention, stands out as the most fully-formed worldview on offer from the Tories. In contrast, Rishi Sunak, who took over as Prime Minister after Truss’s premiership collapsed, seems to offer little more than a country where smoking gets a bit more illegal…
