London, Thanasis Gavos

Faithful to her plan for immediate and drastic tax cuts and further deregulation of the market, Liz Truss appeared in a speech in London a year after the start of her historically short-lived prime ministership.

The former prime minister, who was forced to resign 49 days later, defended the widely described “disastrous” mini-budget presented by her government. As he said, “the description” of the measures he had announced as “uncosted tax cuts” is not accurate.

She even attributed the hasty withdrawal of the mini-budget and her eventual departure from Downing Street to the “threat of the country collapsing”, not because of the measures but because of the reactions they caused.

However, he admitted that he may have acted too quickly, but as he said he did it because the people wanted a “change” from the prevailing economic consensus.

However, on Sunday night, a few hours before Truss’ speech, the Canadian former governor of the Bank of England, Mark Carney, commented in a speech in Montreal that the former prime minister turned Britain “into the Argentina of the English Channel” with her economic policies.

He added that Ms Truss was distinguished by a “fundamental misunderstanding of what drives economies”, with him rejecting policies of drastic tax cuts and government spending.