LIZ Truss today called for Bank of England boss Andrew Bailey to be SACKED.
The fuming ex-PM claimed Mr Bailey was to blame for the mini-budget market meltdown that ended her time in Downing Street.
She insisted the pensions market was woefully over-exposed to the rising cost of borrowing and blamed the Bank of England chief for not telling her the truth about the risks.
On Never Mind the Ballots, Ms Truss said: "I believe that Andrew Bailey has a large share of the blame.
"I am constantly getting trashed in the left wing media.
"And I totally admit that I've got failings.
"But what scrutiny has Andrew Bailey been placed under about his role in this?"
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A massive surge in the cost of government borrowing under Ms Truss nearly put the pensions industry on the edge of collapse.
The Bank of England took unprecedented action to prevent a run on pension funds - which could have triggered mass insolvencies.
Mortgage panic continued with lenders pulling 1,000 deals in 24 hours amid fears interest rates could reach six per cent.
The Bank spent £1billion and said it was to buy up £65billion of government debt in a bid to stop a Northern Rock-style bank run.
Britain's shortest-serving PM of all time added: "This guy is paid twice as much as the prime minister, but is much harder to sack than a prime minister.
"What I know is that we've had an economic establishment in Britain, the Treasury, the Bank of England and more recently the Office for Budget Responsibility.
"They've presided over a period of stagnation. That's the result of the policies that have been pursued."
In a no holds barred interview, Liz Truss also...
Ms Truss dramatically resigned as PM in October 2022, after just six weeks in office.
But her downfall began just days into her doomed premiership, when the disastrous mini budget was announced.
The tax-cutting bonanza reversed the National Insurance rise, scrapped the rise in Corporation Tax, cut stamp duty and abolished the 45p top rate of income tax.
When then-Chancellor Kwasi Kwarteng declared that was “just the start”, the markets spooked and went into meltdown.
By ED SOUTHGATE
LIZ Truss became the shortest-serving Prime Minister in British history by 74 days.
The fallen Tory leader's 44 days in office is more than two months short of George Canning's 118 days.
The fellow Tory's time in office was cut short when he died from tuberculosis in 1827. Ms Truss would have overtaken him on January 3, 2023.
Her time in office also included a 10-day national mourning period for the Queen's death, when politics was paused.
She resigned on October 20, 2022 after losing the confidence of her own MPs and the markets during a period of economic turmoil and U-turns.
It meant King Charles was already set for his second Prime Minister just six weeks after ascending to the throne.
And the country saw its third Prime Minister in four months.
The week before she resigned, Truss sacked humiliated Kwasi Kwarteng over their chaotic mini-budget. It made him our second-ever shortest-serving Chancellor.
Ms Truss said as she stood outside No10 Downing Street that she was elected on a mandate to change "a time of great economic and international instability".
But she admitted: "I recognise, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party."
Ms Truss had promised a "bold plan" to cut taxes and grow the economy and "deliver on the energy crisis".
But the mini-budget, unveiled four days after the Queen's funeral, with its plans to abolish the top rate of income tax for the highest earners sent the markets into turmoil.
Ms Truss insisted she stood by the package but in the end sacked her chancellor, Kwasi Kwarteng, whose successor, Jeremy Hunt, ripped up the controversial budget by reversi
After being warned of a huge rebellion that could oust her, Ms Truss executed her first humiliating U-turn by abandoning her pledge to abolish the 45p rate of tax.
The climbdown immediately weakened her authority as the mutineers smelled blood and began agitating for more of the mini-Budget to be jettisoned.
And with the new PM showing weakness, a total lack of Cabinet discipline followed - with the party gathering erupting in a huge row over benefits .
In a bid to soothe weeks of market turmoil, only cuts to National Insurance and Stamp Duty remained from Truss and Kwarteng’s package unveiled just 24 days ago.
By October 20 Ms Truss quit the top job.
The ex-PM told Never Mind the Ballots host Harry Cole: "Frankly, I did not have enough support from either the Conservative parliamentary party, and I had a lot of resistance from the establishment in trying to enact those policies.
"What I now see, and this is why I use the phrase big bazooka, is that we need a much more powerful coalition of people who are ready to actually try and achieve change."
