Liz Truss on the ‘Doom Loop’ Engulfing the UK Economy

Liz Truss, the former UK Prime Minister, has spoken about the "doom loop" that has engulfed the British economy. She believes that the current economic situation is the result of a political battle over spending and taxation. Truss argues that the country is caught in a cycle where high taxes and limited government spending lead to economic stagnation, which in turn leads to demands for more spending and higher taxes. This, she says, is a self-perpetuating cycle that is difficult to break. Truss has criticized the current government's approach, which she sees as a continuation of the policies of the previous administration. She believes that the UK needs to adopt a more pro-growth agenda, including tax cuts and deregulation, in order to break out of this "doom loop." However, Truss's own time as Prime Minister was marked by economic turmoil, with the government's mini-budget causing significant market volatility and leading to her resignation after just 45 days in office.