How not to run a government: the lessons from Liz Truss's first 40 days

From u-turning on budgets to sacking chancellors, spooking the markets and seeing borrowing rates climb, it has been a dramatic, chaotic and, for many people, painful start to Liz Truss’s time as prime minister. What mistakes were made in the transition between Boris Johnson’s No.10 and Truss’s administration? Why were Truss and Kwasi Kwarteng so quick to disregard the value of institutions and experience in government? How should a prime minister change course when things go wrong? And what can Jeremy Hunt do as the new chancellor to restore faith in this government’s handling of the economy? As Truss attempts to calm the markets, the public and her party, the IfG’s new director Dr Hannah White brought together an expert IfG panel to examine where the prime minister went wrong and explore the lessons that should be learned from her first 40 days in No.10 for future incoming administrations. With Dr Catherine Haddon, Senior Fellow at the Institute for Government Jill Rutter, Senior Fellow at the Institute for Government Dr Gemma Tetlow, Chief Economist at the Institute for Government Alex Thomas, Programme Director at the Institute for Government #IfGTruss Learn more about your ad choices. Visit podcastchoices.com/adchoices