Bank Job (book)

Bank Job

Author	Liz Truss
Language	English
Genre	Memoir
Published	26 October 2026
Publisher	Free Speech Press
Publication place	United Kingdom
Pages	99
ISBN	978-1918396423

Bank Job: A Short Book on how the Bank of England Broke the Bond Market and Brought Down the Government is a short memoir by former British Prime Minister Liz Truss, published by Free Speech Press, on 26 October 2026. It gives Liz Truss's belief as to what caused the crisis that ended her short premiership, following her proposed mini-budget.

Background

Liz Truss was elected as conservative leader—and therefore became Prime Minister—in early September 2022. At the end of that month her Chancellor Kwasi Kwarteng introduced a mini-budget. The apparently unfunded tax-cuts that the budget contained caused a fall in the pound, a negative reaction from the bond markets and interventions from the Bank of England. The ensuing crisis led to first Kwarteng's and then Truss's resignation.

In the years since her premiership Truss would—through speeches, interviews, essays and a book—set out that she believed many institutions, particularly the Bank of England, conspired to undermine her and her programme.

Content

In Bank Job Truss elaborates on her previous arguments that her mini-budget would have worked, had it not been sabotaged by the Treasury, Bank of England, Office for Budget Responsibility, Resolution Foundation, Institute for Fiscal Studies and most of the media and conservative party.

In the final chapter of the book she imagines what may have been had her policies been fully implemented, speculating that by 2040 "Several missions to Mars [would] have now been launched from Britain's space port" and that the country would have become a leader in AI and Cryptocurrency development.

Reception

The book was widely received negatively by critics.

Multiple reviewers criticised the conspiracy theorising that Truss engaged in throughout the book, and her lack of ability to take responsibility for the fallout of her mini-budget. Sean O'Grady of The Independent called the theories "outlandish". In a zero star review in The Daily Telegraph, Simon Heffer concluded that out of every book he'd ever reviewed "that purported to offer a serious thesis", Bank Job was "without question the most deranged".

Robert Crampton, in The Times found Truss "no better a writer than she was a prime minister" and was confused about the target demographic of the work that he saw as failing to appeal either to the general public at home—"too larded with jargon and nerdy nitpicking"—or an audience in the United States Right—too much of a "parochial, pedantic screed".

References