Liz Truss blames Mark Carney for economic meltdown during her premiership

In the United Kingdom, former Prime Minister Liz Truss has publicly blamed Mark Carney, the former governor of the Bank of England, for economic troubles that coincided with her short-term leadership. During an interview, Truss asserted that Carney's actions while in office from 2013 to 2020 created several issues that became apparent under her government. She specifically highlighted Carney's monetary policies, which included extensive money printing that contributed to inflation, as well as regulatory failures that led to a pensions crisis. Despite her own government's criticisms, Truss urged Canadian voters to support their Conservative Party in the upcoming April snap elections, expressing concern over the leadership of current Prime Minister Justin Trudeau and his alignment with Carney's policies. Truss elaborated that she believes Trudeau has enacted high-tax and high-spending policies similar to those seen in Europe, and she sees Carney as an advocate for such approaches. Additionally, Truss remarked that she found it puzzling that Carney, who has not previously been elected as an MP, could lead the Liberal Party in Canada. She framed Carney's policies as a looming threat, cautioning that they might lead Canada toward economic challenges similar to what the UK experienced during her rule. Her own tenure lasted just 49 days following a disastrous mini-budget that led to substantial market upheaval, which complicated her blame-shifting onto Carney for the economic consequences associated with her policy decisions. As a reflection of the political landscape, Truss's comments garnered attention as they highlight the ongoing controversies surrounding economic management in both Canada and the UK, revealing the broader implications of leadership roles and policy directions in addressing financial crises.