The Bank of England has been forced into a dangerous position
If investors believe the Bank is no longer able to control monetary policy, the UK’s economic crisis will deepen.
ByLiz Truss
Elizabeth Truss was prime minister from 6 September 2022 to 25 October 2022. Her tenure in the job, marked by unrest in financial markets, was the shortest in British history. She studied philosophy, politics and economics at Merton College, Oxford. She is married and has two children, and was elected as Conservative MP for South West Norfolk in 2010. In 2014 David Cameron appointed her as Environment Secretary, and, at 38, she was the youngest female member of his cabinet. After that she became the first female Lord Chancellor and the first female Conservative foreign secretary.
Liz Truss and the rise of the libertarian right
The free-market thinkers and ideas behind the most radical economic experiment in Britain for 40 years.
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Voters no longer trust the Conservative Party to manage the economy
Many of the headline measures announced by Kwasi Kwarteng are actually popular – but the mini-budget overall is not.
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The Conservatives are lost in a fantasy world and are a danger to the country
The virus that infected the Tories during the Brexit years has led to ever more delusional beliefs.
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Financial markets have rejected the Tories’ economic vandalism
The slide in sterling indicates that traders are cynical about Liz Truss’s big gamble on growth.
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Some advice for Rishi Sunak as Britain’s new prime minister
As the keys to No 10 are handed over, policy leaders share their thoughts on the biggest issues facing the…
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“We’re touchy about the term ‘managed decline’”: Joanne Anderson on being mayor of Liverpool
As Labour Party Conference begins, Anderson discusses the city’s political crisis and the tragedy of the recent shootings.
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Is Liz Truss trying to lose the next election?
The Prime Minister says she’s happy to be unpopular – a bold position for someone who must face the electorate…
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Mini-budget 2022 summary: Kwasi Kwarteng’s major tax cut plans – as it happened
Follow the latest updates on the government's mini-Budget, with analysis and commentary from the New Statesman politics team.
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Liz Truss has taken the biggest ideological gamble for 40 years
Could a no-holds-barred drive for growth lead voters to return to the Tories?
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The tax cut for top earners isn’t just immoral – it won’t work
How will scrapping the 45p rate pay for itself? The Tories can’t answer that.
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Kwasi Kwarteng has cut tax for the highest earners – will he pay a political price?
Like George Osborne, the new Chancellor has delivered another “tax cut for millionaires” but history suggests Labour may not benefit.
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Stamp duty is a useless tax – but cutting it won’t help
People aren’t moving because house prices are too high.
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Trussonomics is “a gamble” that breaks all the normal fiscal rules, committee hears
Spending announcements expected in the mini-budget are “unusual, to be polite”, experts tell the Treasury select committee.
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What to expect from Kwasi Kwarteng’s mini-Budget announcement today
Each policy is likely to be justified in terms of one aim: economic growth.
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British voters move left on the economy, as Liz Truss drags it to the right
Enthusiasm is growing in Britain for higher taxes and spending on public services, and redistribution of wealth.
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Why Liz Truss can’t be a 21st-century Thatcher
It isn’t possible to launch a free-market revolution in an economy still defined by the last one.
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Liz Truss risks spectacular failure with her “pro-growth” gamble
At the heart of Trussonomics is a belief in cutting taxes to achieve growth. But markets aren’t so sure.
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Will Liz Truss’ gamble on growth pay off?
There are already doubts among Tory MPs about the viability of the plans.
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The Truss government is planning to make the rich richer
The tax cuts to be announced on Friday will hand a much greater proportion of income back to those who…
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