Liz Truss did not crash the economy

The tax cuts were the result of wobbly thinking that may well have made investors nervous so it will have contributed to the selling of the pound and the currency drop, but all that bad stuff would have been factored out as she was factored out of power. The underlying position of the economy was instead decided when the entire parliament was united in applying the most brutal trade sanctions agaisnt Russia that any country had ever experienced, as per more ruthless than what they do to Iran. The problem here is Russia was a major energy supplier, so it created an energy shortage which in turn created a food shortage because of the energy needed to manufacture fertiliser, something Russia was involved in and then on top of that was Ukraine going to war causing reduced agricultural production in one of the richest farmland areas we have.

So as a result of that the dollar was affected since it is a petrocurrency and then you had additional problems regarding trust. The fact Russia was treated so badly regarding economics and trade, many countries started getting worried they might be the next, and so they have made adjustments to de-dollarise. The US responded by hiking interest rates and passing the Inflation Reduction Act. The thing is our economy is closely coupled to the US and so the Bank of England had little choice but to follow the Fed in interest rates. All Truss did was be PM at the coincidental time this was happening. The rates would have gone up just the same. Switching to Hunt as chancellor though seems to have calmed the markets and given us some greater stability. They know Hunt was establishment and would not do anything rash, so maybe the pound is a little better for that, but to say she crashed it is just a straightforward lie. It's a kind of lie meme in fact. It's one of the flaws of the British people that they can not be honest. Dishonesty leads to stupidity because no one can be certain of anything.