Liz Truss Predicts Andy Burnham Will Cause ‘Financial Crisis’

Liz Truss has predicted that Andy Burnham will lead Britain into a “financial crisis” in a moment which feels like pure satire.

The former Conservative prime minister famously planned to implement £45 billion of unfunded tax cuts which sent the pound into decline and the markets into turmoil.

The Bank of England even had to step in and buy £65 billion worth of government bonds to prevent disaster.

The chaos unleashed by her mini-Budget meant Tory MPs quickly pushed Truss out of office after just 49 days – making her the UK’s shortest-serving prime minister in history.

However, speaking at CPAC GB – a right-wing conference which is a spin-off of its American counterpart – Truss has predicted that the incoming PM Burnham would send the UK into “financial crisis”.

According to the Mirror, she said: “The money’s going to run out. I think the problems with migration are going to get worse and the general decay and stagnation of Britain is going to continue.

“I think the question is how long the pro-progressive authorities can continue.

“My prediction is that there will be another prime minister before 2029.”

Burnham was announced as the Labour leader on Friday and is set to become the next prime minister on Monday when Keir Starmer hands over the keys.

There is some trepidation about his plans for the economy amid fears he could push public spending hikes.

Truss’s words also come after the International Monetary Fund (IMF) warned Burnham this week that the UK is still struggling with the scars left behind by Truss’s mini-budget of 2022.

Four years on, and gilt markets are still nervous about the UK fiscal policy than previously, and according to the IMF, there has been a “regime change” on bond markets as a result.

Truss also told the conference: “We’ve had seven prime ministers in ten years.”

She added: “That’s the equivalent of a crap football team changing its manager all the time but not changing what happens on the pitch.”

It seems to have escaped her attention that five of those seven prime ministers have been Conservative – and she was one of them.

Truss also tried to call for right-wing figures to join her “counter-revolution” rather than going for jobs outside of politics.

“It’s time for successful people in Britain who actually care about the future of our country to step up. To stop being such cowards because at the moment they’re being cowards,” she said.

Truss lost her seat to the Labour Party at the 2024 general election.

According to the Mirror, barely a third of the 500-seat hall was occupied for her appearance at CPAC GB.

Burnham’s team has been approached for comment.

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