Former British Prime Minister Liz Truss has defended her controversial tenure and the economic upheaval triggered by her mini-budget in 2022, insisting that the narrative surrounding its failure is misleading and incomplete. Speaking ahead of the release of her new book, *Bank Job: A Short Book on How the Bank of England Broke the Bond Market and Brought Down the Government*, Truss rejected widespread criticism and reiterated her belief that systemic issues within UK institutions contributed significantly to the crisis.

Truss, who served as prime minister for a notably brief period in 2022, remains active in political discourse through writing, media appearances, and initiatives such as the British branch of the Conservative Political Action Conference (CPAC GB). She also continues to receive a public duty allowance to support her ongoing work and maintains a public profile that challenges prevailing economic and political orthodoxies.

Central to Truss’s defense is a critique of key financial institutions, namely the Bank of England, the Treasury, and the Office for Budget Responsibility. She argues that these bodies, which she views as embodying an entrenched "progressive elite" with a Keynesian worldview, undermined her government's policies. Truss contends that the Bank of England’s decision to sell £80 billion in bonds immediately before the budget announcement raised borrowing costs unexpectedly, and that the Treasury failed to warn her and her former Chancellor, Kwasi Kwarteng, about the vulnerability of pension funds relying on liability-driven investment (LDI) strategies.

According to Truss, these failures were not merely procedural but ideologically motivated, as the establishment resisted her government's attempts to change economic policy direction. She disputes the common interpretation that the mini-budget’s unfunded tax cuts caused the market turmoil, instead placing primary blame on the LDI structure and the actions of unelected officials. Kwarteng, while acknowledging errors related to the pace of their reforms and market reassurance, differs from Truss’s steadfast position and has admitted mistakes in their approach.

Truss acknowledges the fierce criticism she has faced, describing it as a product of a powerful “progressive elite” embedded within British institutions and the media. She expresses disappointment and cynicism over what she calls the “treachery” of some Conservative colleagues but remains defiant, rejecting calls to recant or soften her views.

Having lost her parliamentary seat in 2024, Truss appears uncertain about the future direction of the Conservative Party, suggesting that current leadership is insufficiently radical to address the country’s structural challenges. She traces the origins of these problems back to reforms introduced by Tony Blair and Gordon Brown in the late 1990s, particularly the independence of the Bank of England and the enactment of the Human Rights Act, which she believes eroded political sovereignty and concentrated power in the hands of bureaucrats.

Truss’s plans include launching a high-cost pro-growth members’ club in London alongside property investor Robert Tchenguiz and continuing to promote her economic and political views through multiple platforms. While her mini-budget remains a contentious episode in recent UK history, Truss insists that her version of events remains “unfinished business” and central to understanding Britain's economic trajectory.