Prime Minister Liz Truss (Stefan Rousseau/PA)
(Picture: PA Wire)Just 42 days in the job and prime minister Liz Truss joins the pantheon of British prime ministers offering a public apology.
Liz Truss offered a mea culpa on BBC Newsnight to say sorry for derailing the economy via Kwasi Kwarteng’s nightmare mini-Budget, but pledges her “mistakes” were fixed with the installation of new Chancellor Jeremy Hunt.
Now, further details have emerged about the impact of all those u-turns that saw new Chancellor Jeremy Hunt scrapping most of his predecessor’s fiscal plans.
They include calculations on how we’re looking after next April energy price cap review, with fears households face paying up to £5,000 for power.
To examine the latest developments, the Leader podcast is joined by Dr Fran Boait, executive director of Positive Money, a campaign group founded after the last financial crash.
We discuss the context of the PM’s apology and whether it will wash with a sceptical electorate.
You’ll also hear more on market reaction to the Chancellor’s scrapping of much of his predecessor’s budget, Treasury relations with the Bank of England and whether we can learn anything from history to help deal with this financial crisis.
Listen here or here:
