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

Published: Oct. 19, 2022, 3:51 p.m.

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\u2019s time as prime minister.\n\nWhat mistakes were made in the transition between Boris Johnson\u2019s No.10 and Truss\u2019s 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\u2019s handling of the economy?\n\nAs Truss attempts to calm the markets, the public and her party, the IfG\u2019s 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.\n\nWith\n\nDr Catherine Haddon, Senior Fellow at the Institute for Government\nJill Rutter, Senior Fellow at the Institute for Government\nDr Gemma Tetlow, Chief Economist at the Institute for Government\nAlex Thomas, Programme Director at the Institute for Government\n\n#IfGTruss