Truss and Carney clash over UK economic policy - Former BoE governor compares Truss' plan to Argentina as mini-budget sparks market panic

Former UK PM Liz Truss' economic plan was compared to Argentina's instability by ex-BoE governor Mark Carney.
Truss wanted UK to be like Singapore but delivered "Argentina on the Channel" per Carney.
Truss' mini-budget with unfunded tax cuts sparked market panic in September 2022.
Truss hits back that Carney represents failed 25-year economic consensus of low growth.
Truss blames central banks for low rates enabling excessive government spending.

cnn.com

Relevant topic timeline:

9/4/2023

Three big calls that Liz Truss got right

Despite facing criticism and challenges, Liz Truss made some correct decisions during her premiership, including prioritizing economic growth, criticizing flawed fiscal frameworks, and recognizing the need for more sustainable interest rates. However, the negative market response to her policies, combined with opposition within her own party, led to her downfall.

9/5/2023

The specter of Liz Truss still haunts Britain

The brief and chaotic tenure of Liz Truss as UK Prime Minister continues to impact the country's reputation and economy, with foreign investors expressing concerns about political instability and a lack of business-friendly policies.

9/18/2023

Truss to Give Speech Defending Tax Cut Policies and Urging Economic Reforms

Former prime minister Liz Truss is set to argue for tax cuts, reduced benefit increases, a raised retirement age, and delayed net-zero commitments in a speech at the Institute for Government think tank, where she will also defend her previous policies enacted during her short-lived time in office.

9/18/2023

Truss Defends Economic Record, Vows to Push Tax Cuts and Deregulation Agenda Despite Disastrous Premiership

Former British Prime Minister Liz Truss refuses to admit any wrongdoing and is set to defend her economic record in a high-profile speech to mark the anniversary of her ill-fated premiership.

9/18/2023

Truss Blames 'Establishment' for Her Downfall as UK's Shortest-Serving PM

Former UK Prime Minister Liz Truss defends her economic legacy, blaming the media, the Labour Party, and economic orthodoxy for her downfall during her 49 days in office.

Topics

Posted 9/18/2023, 2:33:00 PM

Truss and Carney clash over UK economic policy - Former BoE governor compares Truss' plan to Argentina as mini-budget sparks market panic

Former UK PM Liz Truss' economic plan was compared to Argentina's instability by ex-BoE governor Mark Carney.
Truss wanted UK to be like Singapore but delivered "Argentina on the Channel" per Carney.
Truss' mini-budget with unfunded tax cuts sparked market panic in September 2022.
Truss hits back that Carney represents failed 25-year economic consensus of low growth.
Truss blames central banks for low rates enabling excessive government spending.

cnn.com

Relevant topic timeline:

9/4/2023

Three big calls that Liz Truss got right

9/5/2023

The specter of Liz Truss still haunts Britain

9/18/2023

Truss to Give Speech Defending Tax Cut Policies and Urging Economic Reforms

9/18/2023

Truss Defends Economic Record, Vows to Push Tax Cuts and Deregulation Agenda Despite Disastrous Premiership

Former British Prime Minister Liz Truss refuses to admit any wrongdoing and is set to defend her economic record in a high-profile speech to mark the anniversary of her ill-fated premiership.

9/18/2023

Truss Blames 'Establishment' for Her Downfall as UK's Shortest-Serving PM

Former UK Prime Minister Liz Truss defends her economic legacy, blaming the media, the Labour Party, and economic orthodoxy for her downfall during her 49 days in office.