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Liz Truss says she was ‘completely blindsided’ as she is quizzed over disastrous mini-budget
Former prime minister Lizz Truss said she was “completely blindsided” by the UK’s pension market prior to her disastrous mini-budget. Ms Truss appeared on ITV’s Peston show on Wednesday (17 April), where she admitted she and Kwasi Kwarteng - who was chancellor under Ms Truss’s government - didn’t know the “extent of the vulnerability” of the pensions market prior to their mini-budget in September 2022. The mini-budget included £45bn of unfunded tax cuts and was followed by days of turmoil on the markets, a fall in the value of the pound and rises in the cost of UK government borrowing and mortgage rates. Ms Truss said: "I didn't know about it and Kwasi didn't know about it either. So we were completely blindsided."
Benzingaflipped into News & MarketsJim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'
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OK! Magazine USAflipped into LATEST CELEBRITY NEWSThey'll Have to 'Sell Themselves': Netflix 'Wants Payback' After Investing in Prince Harry and Meghan Markle
In the wake of Meghan Markle's glossy new product line rollout, Netflix is said to be "livid" that the ex-actress and Prince Harry "dared" to focus …
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