In an interview with the Conservative Home website on Friday, the Secretary of State said: said she was an optimist about the economy, adding: “I hate this declinistic stuff. Too much is being talked out of the country, saying ‘you can’t do this’, saying ‘if we do this, it will all be a disaster’. That’s why I’m in politics.”
Her remarks echoed those of Thatcher in 1979, when she said: ‘I cannot bear the decline of Britain. I just can not.”
Ms Truss emphasized her focus on growth and said she wanted to outline a “10-year plan for public service reform and a 10-year plan to change Britain’s economic growth”, adding that “we will have an average of 2 .5 years should grow. percent”.
The Tory leadership frontrunner reiterated her resolve to look again at mandate of the Bank of England, saying: “It took place in 1997 in completely different times, and one of the problems of controlling inflation is around monetary policy. This is not only about interest rates, but also about quantitative easing that is taking place.
“And I want to look at the best practices from central banks around the world, see which banks have been the best at controlling inflation, and rethink the mandate.
“I didn’t make any decisions, and the chancellor didn’t make any decisions, about how exactly that mandate would change. But I think it’s important that we review our monetary policy, monetary policy institutions and the Bank of England’s mandate, and make sure it delivers for the times we’re in.”
Ms. Truss also rejected warnings from Rishi Sunak, her leadership rival, that interest rates would rise under her tax plans.
“Honestly, this is just scare tactics,” she said. “Inflation is expected to fall next year and the Bank of England is independent – making interest rate decisions completely independent of the government.”