14 Oct 2022

How did Liz Truss get here – and where does she go now?

If a week is a long time in politics, just look at what happened in the three months since Boris Johnson was forced out, triggering a fractious leadership contest in which Liz Truss staked her campaign on unfunded tax cuts.

The then chancellor’s so-called mini budget, which included lower income tax for the highest earners and no rise to corporation tax, sent markets into a frenzy and forced him to U-turn on scrapping the 45p tax rate just 10 days later.

Today, another U-turn and another chancellor.

We discussed the future of the government with Jill Rutter, from the think tank UK in a Changing Europe, who previously worked in the Treasury, and the Whitehall Editor of the Financial Times, Sebastian Payne.