Liz Truss releases book blaming Bank of England for downfall

Summarised from 2 outlets · Updated 21 Oct, 02:57 · Archive

Former Prime Minister Liz Truss has announced a book arguing the Bank of England was responsible for the economic crisis that led to her downfall.

Liz Truss has announced the publication of her book Bank Job, due for release on 26 October. The book, which Truss describes as examining 'how the Bank of England broke the bond market and brought down the government', will present an alternative account of the events that led to her departure as Prime Minister in 2022.

Truss's mini-Budget, which included £45 billion of unfunded tax cuts, triggered severe economic instability. The pound's value plummeted, mortgage rates spiked and inflation soared. Furious Conservative MPs removed her from office after seven weeks, making her the shortest-serving Prime Minister in British history.

The book cover, styled after the crime thriller film Reservoir Dogs, depicts Truss at a government desk with five men in sunglasses standing behind her, believed to represent former prime ministers and Bank of England governors. Truss argues in the book that 'the establishment' and the Bank of England were responsible for the crisis, rather than her policies themselves.

The announcement was met with widespread mockery on social media, with users making jokes about her brief time in office and the infamous comparison to an iceberg lettuce's shelf life.

How it is being reported

• Lizz Truss brutally mocked for new 'Bank Job' book releaseFormer Prime Minister Lizz Truss is facing major backlash after announcing the release of her book which will reportedly "lift the lid on what really happened around the Mini-Budget in 2022"The Mirror · 21 Oct, 02:34
• 'An International Embarrassment': Liz Truss Mocked Over Her Book On Disastrous Mini-BudgetFormer British Prime Minister Liz Truss participates in the Conservative Political Action Conference in 2024. Liz Truss just unveiled the cover of her upcoming new book, Bank Job – and was immediately torched on social media. The former prime minister, who made history after lasting just 49 days in office, has written a “short book on how the Bank of England broke the bond market and brought down the government” after her disastrous mini-Budget. Its publication will coincide with the first Budget of Andy Burnham’s on October 28. The ex-PM famously plunged the country into chaos with her…HuffPost UK · 20 Oct, 11:50

In this story: Liz Truss · Bank of England · Andy Burnham · Boris Johnson · Tony Blair · Gordon Brown

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