Liz Truss admits she crashed the economy, but refuses to apologize for sparking mortgage rate rise

Dr Roger Gewolb is calling for the immediate resignation of Bank of England Governor Andrew Bailey. Bailey has been criticised for the Bank's handling of monetary policy and inflation. The Bank's annual International Monetary Fund (IMF) spring meetings took place in Washington DC this week.

Liz Truss spent 44 days as prime minister in 2022 - during which time her mini-budget caused a surge in borrowing costs and saw the pound fall to a 37-year low against the dollar. She refuses to apologise for sparking mortgage rate rise - but admits one failing as PM.

49-day PM blasts'very stupid' people who point out she crashed economy. Truss took aim at those who pointed out that she might have been to blame for sending markets into meltdown with a plan for £45billion of unfunded tax cuts. She blasts those who say she crashed the economy with a tax cut plan.

Allison Pearson sat down with Britain’s shortest-lived prime minister to find a defiant and logical woman who was her own worst enemy. Truss: ‘The people who claim I crashed the economy are either very stupid or very malevolent’ Truss said.

Ex-Prime Minister calls for Government to have more control over Bank of England. Calls for more control of the central bank and its governor Andrew Bailey to resign. Truss: 'They're smearing me! They're trying to smear me!’ Ex-PM calls for the Government to be given more control on the bank.