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Sky News’ Beth Rigby has laid out the key flaws in Liz Truss’ plans as Prime Minister, suggesting that she moved too quickly with her growth initiative in a way “that did not bring people with her”. Speaking outside of No 10 Downing Street just moments after Ms Truss resigned as leader of the United Kingdom, Ms Rigby highlighted the PM’s failure to “include Sunak supporters in her Cabinet”, her “unleashing” of her growth plans “faster and further” than expected and her criticism of “Treasury orthodoxy”, and the Bank of England, as catastrophic missteps that ultimately led to her premature departure.
Ms Rigby said: “Let’s just reflect for a moment on the attempt of Liz Truss [to carry out] her regime and where it all ended up because it did not have to go this way. In terms of the policy platform she stood on, party members liked that. Lots of MPs liked that. They wanted tax cuts, they wanted to go for growth.
“But the staging and pitch rolling of these plans was just done in a way that did not bring people with her. And as any Prime Minister, any leader knows, you are only as strong as the people that come with you. You rule, if you like, by consent and by support.
“And I think what happened with Liz Truss is she had won the party membership over, she had won the position and with that she took absolute power.
And I say that in the sense that she decided to not include Sunak supporters in her cabinet. She then unleashed an economic programme that she said went against Treasury orthodoxy.
“In fact, she was quite critical of the economic orthodoxy of the Treasury. She was critical in the leadership race of the Bank of England.
“She thought she could do things her way and then what happened was that statement came out, that mini budget, it went further and faster than people expected with more than expected tax cuts. £45billion in unfunded tax cuts.
“The markets gave their verdict very quickly and it was very bad for Liz Truss. So bad she had to U-turn on her 45p rate policy. She then had to U-turn a few days later on the entire thing having sacked her chancellor.
“And at that point, we were saying it was a matter of time. This Prime Minister’s reputation is in, to quote one former minister, ‘absolute tatters’. You then saw the polling from the public. One in ten Britons gave her a favourable rating. The worst ratings of any prime minister since ratings began.”
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