What Liz Truss did?

 What Liz Truss did?

Why she had to go?

As I knew it - 

She had presented an ill conceived  and non pragmatic interim budget where in she had cut the taxes drastically.This she had not followed it up with any reduction in govt spending.She arrived at expenditure but failed to define receivables.In a budget each rupee/pound/dollar spending should be matched by receivables that means where from you get the money for spending.If there is deficit,how to plug the deficit should be clearly defined.She left 70 billion deficit without telling how to plug it.This is where she erred.She proposed un funded budget proposals.

This had not gone down well with markets.They became jittery.The pension funds and bonds came under pressure.Entire economy went into tail spin invoking wide range of criticism.

She sacked her finance minister, home minister resigned.Two prominent cabinet ministers gone(They denote secretary).She was embarrassed and embattled and Quit…

(Just in context with announcing freebies and subsidies by our political parties without declaring source of funds simply to garner votes is detrimental to our existence in the long run)