Former UK Prime Minister Liz Truss said the United Kingdom remains trapped in the “doom loop” that rocked financial markets during her 2022 mini-budget, noting that long-dated gilt yields are now higher than they were at the height of that turmoil. Speaking on Bloomberg’s Odd Lots podcast released 28 August, Truss argued that elevated borrowing costs underscore deep-seated concerns about the country’s fiscal sustainability. Truss contended that monetary policy is “too important to be left to unelected bureaucrats,” calling for closer political oversight of the Bank of England and warning of a broader “central bank reckoning.” She maintained that the current governance framework leaves the BoE insufficiently accountable at a time when high rates and slowing growth threaten to reinforce each other. The former premier, whose market-rattling fiscal plans cut short her tenure in 2022, also praised U.S. President Donald Trump for pressuring central banks worldwide, saying his stance is forcing a necessary debate about their role. Truss indicated she still backs supply-side tax cuts but acknowledged that implementing further reforms would require navigating the UK’s tight fiscal and political constraints.