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Liz Truss was 'ecstatic' with mini-budget plan and claims Number 10 infested with fleas in new memoir
Liz Truss has revealed she considered abolishing the UK's economic watchdog and replacing leaders at the Treasury and Bank of England, accusing the bodies of being "pro-China" and "pro-Remain".
The country's shortest serving prime minister said she discussed scrapping the Office for Budget Responsibility (OBR) with her Chancellor Kwasi Kwarteng but concluded it would have "amounted to a declaration of war on the economic establishment".
In an extract from her memoir published by the Daily Mail, Ms Truss says the OBR, Treasury, and Bank of England "were more interested in balancing the books than growing the economy" and saw immigration "as a way of fixing the public finances".
Defending her September 2022 mini-budget - which led to a surge in borrowing costs and saw the pound slump to a 37-year low against the dollar - the former prime minister said she would "accept that the communications around the mini-budget were not as good as they could have been".
However, she said the afternoon after which Chancellor Kwasi Kwarteng outlined the growth plan was "probably my happiest moment as prime minister" adding "I was ecstatic".
Mr Kwarteng was sacked three weeks later amid rising mortgage costs, before most measures in the statement were axed in an attempt to stabilise financial markets.
The serialisation also includes behind-the-scenes details of domestic life as a senior government figure.
Liz Truss was 'ecstatic' with mini-budget plan and claims Number 10 infested with fleas in new memoir
Liz Truss resigned in October 2022 serving 44 days in office. Her memoir details her short tenure including behind-the-scenes stories of domestic life as a senior government figure.
news.sky.com