Liz Truss Alleges Bank of England Sabotage During Brief UK Premiership, Launches New Media Venture
LONDON, England — In a candid and wide-ranging interview with Fox News Digital, former British Prime Minister Liz Truss revealed new details about the tumultuous 49 days she spent in office in 2022, claiming that the Bank of England actively sabotaged her administration’s economic agenda. Truss, who resigned amid severe market turmoil triggered by her government’s mini-budget, accused the central bank of undermining her leadership by announcing the sale of government gilts just before her fiscal plan was unveiled, exacerbating the financial crisis that followed.
“The fact that I was sabotaged by the Bank of England, who announced the sale of gilts the day before my mini-budget and then failed to properly regulate the pension market, was actually the cause of the crisis in 2022,” Truss asserted during the interview. This perspective sharply contrasts with the Bank of England’s official stance, which attributes the market upheaval to Truss’s own policies that triggered a plunge in gilt prices and increased government borrowing costs. The central bank’s intervention to stabilize the market came after pension funds were forced to sell off gilts to meet margin calls, a move that intensified the financial instability.
The Bank of England declined to comment when approached by Fox News Digital. However, Truss’s allegations add a new layer of controversy to the events that led to one of the shortest premierships in British history. Her government’s pro-growth economic agenda aimed to stimulate the economy through tax cuts and deregulation but was met with fierce opposition from financial markets and political rivals alike.
Beyond economic policy, Truss also voiced sharp criticisms of the British Broadcasting Corporation, aligning herself with former U.S. President Donald Trump’s long-standing grievances against the BBC. “I share President Trump’s annoyance with the BBC,” she said. “He is currently suing them for propagating fake news about him, but they do fake news the whole time.” Trump’s lawsuit, seeking $5 billion in damages, centers on a BBC investigative series that edited his January 6, 2021, remarks in a way he claims was defamatory. The BBC has not responded publicly to these allegations. Truss’s new media venture, “The Liz Truss Show,” aims to serve as a platform for free speech and to challenge what she describes as mainstream media bias.
In addition to her media efforts, Truss has launched a private club called Leconfield, designed to unite “pro-growth leaders” and promote her economic vision. She indicated that her show will also address internal party conflicts, including the role of “conservatives in name only” who she claims undermined her leadership. This phrase echoes the “RINO” (Republican In Name Only) label popularized by Trump to describe members of his party who oppose his agenda.
Truss’s embrace of a “Trump-style revolution” signals a continued alignment with populist and nationalist political currents on both sides of the Atlantic. The former prime minister spoke at the Conservative Political Action Conference (CPAC) in Maryland earlier this year, further cementing her ties to American conservative movements.
Her critique of established institutions like the Bank of England and the BBC reflects broader tensions within British politics over economic policy, media impartiality, and the direction of the Conservative Party. The Bank of England’s role in the 2022 market crisis remains a contentious topic, with official reports emphasizing the destabilizing effects of Truss’s mini-budget, while Truss herself insists she was a victim of institutional sabotage.
As Truss seeks to reshape the political and economic debate in Britain through her new platforms, her allegations and political positioning will likely provoke vigorous discussion. Observers will be watching closely to see how her narrative influences both public opinion and the Conservative Party’s future trajectory.
For more on the Bank of England’s monetary policies, visit the Bank of England official site. Details on UK government borrowing and gilt issuance can be found through the UK Debt Management Office. Information on media regulation and standards is available at the Office of Communications (Ofcom). For insights into the Conservative Party’s platform and leadership, see the Conservative Party official website.
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