By Enyichukwu Enemanna
The immediate past Prime Minister of UK, Liz Truss has criticised his successor, Rishi Sunak over what she called “detrimental” tax policies
In her first intervention since exit from office, Truss argued that the “powerful economic establishment” took her down, and that her replacement Sunak had made a mistake in rejecting all of her tax-cutting measures.
Writing in the Sunday Telegraph, she blamed the “strength of economic orthodoxy and its influence on the market” and said that Sunak’s decision to raise corporate tax from 19 to 25 percent was “economically detrimental”.
“I am not claiming to be blameless in what happened, but fundamentally I was not given a realistic chance to enact my policies by a very powerful economic establishment, coupled with a lack of political support,” she wrote.
Truss came to power last September and commenced implementation of a radical tax-slashing agenda.
This threatened to take down the pension sector and she was forced out of office after only 44 days, making her the country’s shortest-serving leader in history.
The IMF despite criticising Truss’ tax cuts measures at the time recently took a swipe at Sunak when it predicted the UK would be the only G7 country with negative growth in 2023, blaming it partly on the UK’s “tighter fiscal and monetary policies”.
Sunak has barely been in office 100 days, and despite calming markets, is languishing in the polls as the country’s cost-of-living crisis continues.
