Truss, who was briefly Prime Minister in September and October 2022, said the UK “is in an economic doom loop of higher taxes, lower growth and higher debt. The former Prime Minister (pictured) added that this had been brought about by failed policies of the “mainstream economic establishment,” primarily in the Bank and the Treasury. “There is a reckoning coming for the central banks, not just in Britain, but also in the US and for the European Central Bank,” said Truss. The former Conservative leader said that when Labour handed the Bank the power to set interest rates when it last came to power in 1998, the central bank was set on a path to become “pretty much unaccountable”. Truss was forced to resign as Prime Minister shortly after her mini-Budget in September 2022, which set out plans for £45bn of unfunded tax cuts.