Former Prime Minister Liz Truss's legal team has sent a cease-and-desist letter to Labour leader Keir Starmer, challenging his repeated assertions that Truss's policies "crashed the economy." The letter, obtained by the Telegraph, contends these statements are false and defamatory, potentially harming Truss's reputation.
The letter further argues that Starmer's accusations, made leading up to the recent general election, contributed to Truss's loss of her South West Norfolk seat. Starmer has consistently blamed Truss's 2022 mini-budget—which included unfunded tax cuts—for the subsequent gilt market turmoil and currency fluctuations.
However, Truss's legal team counters that these market movements did not constitute an economic crash, as there was no observable drop in output or increase in unemployment.
This escalating political feud underscores the ongoing debate surrounding the economic ramifications of Truss's policies and the political strategy surrounding the 2022 general election.
