The cost of Liz Truss’s brief tenure at 10 Downing St in the autumn of 2022 is well known to millions of mortgage holders and businesses. It continues to have impact. After all Rachel Reeves fiscal rules actually add up to the idea that if you do anything to disturb ‘the markets’ economic consequences will follow, so best to do nothing at all. Its a kind of reverse Trussism.
This week a further cost of Truss was revealed- over £3m in severance costs. Nearly all of this is contractual.Hence Sir Tom Scholar the senior Treasury civil servant who Truss purged,leading to her own demise, is due over £500,000. Its a lot of money and there is a debate about how much senior figures in the public and private sectors get paid but that’s not Mr Scholar’s fault.
There were also severance payments for the never ending merry go round of Tory Ministers. Only Ben Wallace was exempt as he served under three Prime Ministers but didn’t notice
Truss got £18,660 and Kwarteng £16,876. If they had any contrition they would donate the sums to charity. They don’t have of course.
Meanwhile both remain Tory candidates for the next Election. One can only hope the electorate determine their futures as the Tory Party clearly is not minded to
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