Truss is no Thatcher on economy, says Lamont

Britain's newly appointed Prime Minister Liz Truss poses outside of 10 Downing Street, in central London, on September 6, 2022. — AFP

LIZ Truss’s economic plans have more in common with the man her party often ranks as its worst post-war prime minister than her idol Margaret Thatcher, according to a former chancellor of the exchequer.

Norman Lamont, who was in charge of the Treasury during the Black Wednesday sterling crisis of 1992, said Truss’s plan to focus “entirely on growth,” has worrying echoes of the “dash for growth” under Ted Heath when he was premier from 1970 to 1974.