Former PM says she faced political landscape inherently opposed to low taxes and small state

UK politics live – latest updates

Liz Truss has dismissed the argument that she crashed the UK’s economy while she was prime minister, and while conceding she made mistakes in No 10, sought to primarily blame “groupthink” from the Bank of England, the media and civil service.

In a speech and Q&A shortly before the anniversary of her government’s so-called mini-budget, which spooked markets with its push for seemingly unfunded £45bn in tax cuts, Truss twice dodged the question when asked if she wanted to apologise to households facing higher mortgage rates.