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Episode details

Radio 4,03 Dec 2022,57 mins

Liz Truss’s Big Gamble

Archive on 4

Available for over a year

Earlier this year Liz Truss gambled her premiership on a so-called mini budget that ripped up decades of economic orthodoxy. It did not pay off. Through new conversations with those involved, Nick Robinson explores the thinking behind the gamble and the reasons it didn’t work, while BBC journalists including Nick, Laura Kuenssberg and Rima Ahmed reveal the stories behind the key interviews during the time. Nick takes the listener through the major turning points of Truss’s seven weeks in power such as the sidelining of key economic institutions, the Bank of England’s dramatic intervention into the UK’s pensions industry and the sacking of chancellor Kwasi Kwarteng as he made his way back from a meeting with the IMF, a decision that ultimately spelled the end for the Prime Minister. Producer: Jack Fenwick Assistant Producer: Stephanie Mitcalf

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