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Liz Truss insists her radical mini-Budget measures WOULD have worked

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Owen, G. (2026, October 24). Liz Truss insists her radical mini-Budget measures WOULD have worked. Daily Mail. https://www.dailymail.com/news/article-16236239/Liz-Truss-radical-mini-Budget-measures-worked.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

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Daily Mail · collected 2026-10-24 · by Glen Owen

Quick Summary

In her new book "Bank Job," former UK Prime Minister Liz Truss defends her brief tenure by claiming that her radical economic measures would have improved Britain’s financial situation more than the current approach under Labour leader Andy Burnham. Truss argues in the book that market instability following her controversial mini-Budget was due to opposition from the financial establishment and the Bank of England, rather than flaws in her policies. She also accuses critics, including former minister Michael Gove, of undermining her government.
Written by AI on 2026-10-24, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

As of 2026-10-24, Liz Truss released a new book defending her brief tenure as Prime Minister. She argues that the economy is in worse shape under Andy Burnham than it was during her own 49-day term. In her book "Bank Job," Truss claims that the radical tax cuts she proposed in her controversial 2022 mini-Budget, including a £45 billion reduction in taxes, would have left public finances in better condition compared to the current situation under Burnham. The market turmoil at the time, which included spiking bond yields and a plummeting pound, Truss attributes to the "establishment" and the Bank of England rather than her own policies. Treasury sources expect Chancellor John Healey's upcoming Budget to offer modest support for household energy bills and businesses but without significant fiscal reform due to low growth and high debt servicing costs.

Written for “Liz Truss Budget Measures” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Liz Truss Budget Measures
Politics · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans right and hedges 12% of its claims. Each row says how that neighbour differs.
Evening Standard
Hedges 0 of 27 claims Outlet record 64/100
“The articles discuss different topics and time periods related to political figures and economic policies, but do not describe the same specific incident or occurrence.”
Daily Mail
⚖️ Leans right Hedges 2 of 27 claims Outlet record 69/100
“The articles discuss different time periods and contexts related to economic policies and Budgets under different political figures.”
Daily Mail
⚖️ Leans right Hedges 5 of 36 claims Outlet record 69/100
“The articles discuss different events: one about a pre-Budget meeting with union leaders and the other about Liz Truss's defense of her previous policies.”
Daily Mail
Hedges 7 of 57 claims Outlet record 69/100
“Article A discusses the national debt and its implications, while Article B focuses on Liz Truss defending her time as Prime Minister and claims about economic measures. The articles cover different topics and events.”
The Guardian
⚖️ Leans left further left than this Hedges 1 of 26 claims Outlet record 66/100
“The articles discuss different events; one is about Chancellor John Healey's upcoming budget with devolution plans, while the other is about Liz Truss defending her previous mini-Budget and political tenure.”
Daily Mail
⚖️ Leans strongly right further right than this Hedges 5 of 38 claims Outlet record 69/100
“The articles discuss different periods and perspectives on economic policies, with Article A focusing on Liz Truss's defense of her past actions and their hypothetical impact under current conditions, while Article B focuses on the present economic situation under Andy Burnham.”
The Guardian
⚖️ Leans left further left than this Hedges 7 of 32 claims Outlet record 66/100
“Article A discusses Liz Truss's defense of her previous policies, while Article B covers John Healey's current budget measures and their impacts.”
Al Jazeera
Hedges 1 of 36 claims Outlet record 60/100
“Article A discusses Liz Truss defending her policies in a book, while Article B covers Andy Burnham's Autumn Budget announcement.”
Daily Mail
⚖️ Leans strongly right further right than this Hedges 0 of 24 claims Outlet record 69/100
“The articles discuss different events related to economic policies and leadership changes but do not describe the same specific incident or time.”
Evening Standard
⚖️ Leans right Hedges 2 of 27 claims Outlet record 64/100
“The articles describe different events: one is about Liz Truss defending her past actions in a book, while the other reports on Chancellor Healey's new Budget and its reception.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
24
sentences that state something as happening or true
Uncertain
12%
3 of 24 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
69/100
Daily Mail's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-24 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Daily Mail · 9314 article(s) · 22 correction(s) detected
Running correction rate · 22 correction(s)

Who wrote this

Glen Owen
28 article(s) here · 1 carrying a prediction
🔮 In response, Ms Fahnbulleh – a protege of climate zealot Ed Miliband, who has previously indicated her opposition to the project on environmental grounds – insisted she would have the final say.
🔮 Mr Burnham’s statement has led to speculation as to whether the King, who is head of the Commonwealth, will be forced to make a public apology on behalf of Britain, or at least drastically change his keynote speech to a gathering of leaders in Antigua on Tuesday.
🔮 The news came after military experts warned that President Vladimir Putin's vessels could be used to deploy their own remote-controlled aircraft in a mass attack on the UK.
🔮 Nigel Farage will this week attempt to revive Reform UK’s poll ratings by appointing his first ever defence spokesman – and pledging to eliminate ‘wokery’ from the Imperial War Museum.
🔮 Ms Truss uses a new book to claim that the radical measures she tried to introduce in her infamous 2022 mini-Budget would have left the public finances in a better state than they are now under Mr Burnham.
🔮 Kemi Badenoch's speech to her party conference earlier this month, in which she said she would never do a deal with 'THAT' – Nigel Farage's party – appears to have given the Tories lift-off.
🔮 The posts from Mr Kassam – who once described himself as a 'one-man human shield' for Mr Farage and said he would take him to steam rooms to stop him sweating in public – have come amid accusations Reform is pursuing a so-called 'ethno-nationalist' strategy, with MPs claiming only those who are white can be truly English.
🔮 'We thought that he might use the moment to call a general election,' says a senior Conservative source.
🔮 Zia Yusuf claimed that ‘the establishment is working against patriotic British people’ after a designated specifically for foreign prisoners refused to remove books and practice papers on how to pass the Life in the UK Test - a key stepping stone to become a UK citizen. After learning that HMP Maidstone had purchased the books for its inmates using taxpayers’ money, Reform wrote to the governor, Paul Mason, asking him to remove from the prison library ‘books and study material which may overtly help foreign national prisoners prepare for the ‘Life in the UK ‘ test and for the wider naturalisation process.
🔮 Kemi Badenoch has put the Tory Party on notice for a pre-Christmas general election, amid growing speculation that Andy Burnham will call a snap poll.
Also by Glen Owen
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 28 articles by Glen Owen →

Topics

Britain Downing Street The City of London Treasury the Bank of England

Subjects

Truss PERSON · 5× Britain GPE · 4× Burnham PERSON · 3× the Bank of England ORG · 3× Andy Burnham PERSON · 2× John Healey PERSON · 2× Kwasi Kwarteng PERSON · 2× Liz Truss PERSON · 2× Healey PERSON · 1× Treasury ORG · 1×

Narrative

Bond yields spiked and the value of the pound plummeted after her Chancellor, Kwasi Kwarteng, announced £45 billion of tax cuts, including a reduction to the 45p rate of tax for higher earners. Treasury sources say Mr Healey – constrained by low growth and the spiralling cost of servicing the Government's debts – will deliver a 'steady as she goes' Budget, with modest help for household energy bills and targeted support for businesses.
framing: assertive · carried by 1 article(s) · first seen 2026-10-24
🔮 Ms Truss uses a new book to claim that the radical measures she tried to introduce in her infamous 2022 mini-Budget would have left the public finances in a better state than they are now under Mr Burnham.
2026-10-24 · Daily Mail
Liz Truss insists her radical mini-Budget measures WOULD have worked · assertive framing

Claims (24 extracted, 3 hedged)

Liz Truss has mounted a trenchant defence of her chaotic, short-lived stint as Prime Minister by arguing that the economy is in a more fragile state under Andy Burnham than during her 49 days in Downing Street. asserted
economy → mount → Street
Ms Truss uses a new book to claim that the radical measures she tried to introduce in her infamous 2022 mini-Budget would have left the public finances in a better state than they are now under Mr Burnham. uncertain
they → use → Burnham
In Bank Job, published to coincide with Chancellor John Healey's Budget on Wednesday, she claims the market turmoil leading to her removal from office was the fault of the financial 'establishment' and the Bank of England. uncertain
turmoil → publish → England
Bond yields spiked and the value of the pound plummeted after her Chancellor, Kwasi Kwarteng, announced £45 billion of tax cuts, including a reduction to the 45p rate of tax for higher earners. Treasury sources say Mr Healey – constrained by low growth and the spiralling cost of servicing the Government's debts – will deliver a 'steady as she goes' Budget, with modest help for household energy bills and targeted support for businesses. asserted
she → spike → businesses
It is expected to be funded by a 'soak the rich' tax raid on banks and a trimming of the fiscal 'headroom'. asserted
It → expect → headroom
Ms Truss writes in the book of Mr Burnham's Britain: 'Billionaires are leaving Britain at a rapid rate. asserted
Billionaires → write → rate
We top the world league table for departures. asserted
We → top → departures
'The City of London, one of the last remaining success stories, is being eclipsed. asserted
City → remain → stories
We are losing out in the tech race and the capital race.' asserted
We → lose → race
Former Prime Minister has argued the economy is in a more fragile state under Andy Burnham than during her 49 days in Downing Street In her new book, Bank Job, Ms Truss claims claims the radical measures she tried to introduce in her 2022 mini-Budget would have left the public finances in a better state than they are now (Pictured with former Chancellor Kwasi Kwarteng) Bank Job will be published to coincide with Chancellor John Healey's Budget on Wednesday She adds: 'People said my tax cuts would... worsen the public finances. uncertain
cuts → argue → finances
We've now tried the opposite and the public finances are worse. asserted
finances → try → opposite
The 30-year gilt yield has gone past 6 per cent – much higher than back in 2022. asserted
yield → go → 2022
This is now reflecting... a lack of trust in the entire system.' asserted
This → reflect → system
Bank Job, described as a 'short book on how the Bank of England broke the bond market and brought down the government', also places blame for her fate at the feet of 'Tory Traitors' such as former minister Michael Gove, who 'were more interested in being in office than saving Britain'. asserted
who → describe → Britain
It also points the finger at the 'media and political class' who 'continued to push a false narrative of unfunded tax cuts'. asserted
who → point → cuts
The cover, pictured above, shows Ms Truss at a desk with five men – including Tony Blair and two ex-Bank of England governors – standing behind her in the style of the film Reservoir Dogs. asserted
men → picture → film
She says: 'I was Prime Minister for 49 days. asserted
I → say → days
The brevity is used as proof of folly. asserted
brevity → use → folly
It is better used as proof of the system's speed and how close I was to the target.' asserted
I → use → target
She was yesterday cited as a warning to Mr Burnham by Andy Haldane, a former chief economist at the Bank of England, who said the PM must 'take the knife' to public spending in the Budget or risk a Liz Truss-style crisis that would 'crater' the economy. asserted
that → cite → economy
Mr Haldane told The Times that Britain was 'close to being taxed out and maxxed out in terms of borrowing' and that the Government was failing to grasp the precariousness of the country's fiscal position. asserted
Government → tell → position
Ms Truss's book has not been welcomed by some former colleagues. asserted
book → welcome → colleagues
Her trade policy minister Sir Conor Burns said: 'The markets and the party realised she was a nutjob and financially illiterate. asserted
she → say → ?
And she was, mercifully, ejected. asserted
she → eject → ?
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