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Liz Truss, the former British Prime Minister, reflected on her tumultuous tenure and admitted to mistakes while attributing the failure of her policies to the economic "establishment".

In her first televised interview since being ousted from office after a short-lived 49-day tenure, she expressed regrets during a live question-and-answer session on GB News.

Truss acknowledged her errors and revealed her lack of readiness for the challenges she encountered, as well as the criticism and backlash she faced due to her failing policies.

"And I wasn't as ready as I should have been. And I wasn't prepared for some of the onslaught and brickbats that I got," she said.

Her attempt to stimulate economic growth by introducing a package of tax cuts without sufficient funding had a detrimental effect on British financial markets. This, in turn, led to increased borrowing costs for millions of British citizens who were already struggling with soaring prices as she lay the blame on what she called the prevailing "groupthink" within the "economic establishment" for her disastrous term.

Following the dismissal of her Finance Minister, Truss was informed by influential members of the Conservative Party that she could not continue as the Prime Minister. Rishi Sunak was later appointed as her replacement.

Truss emphasized her unwavering support for Boris Johnson in the wake of a scathing ruling after a UK parliament committee determined, on Thursday, that he deliberately misled MPs over Covid lockdown-breaking parties, in what has later become to be known as "Partygate."

The ex-Prime Minister also denied any desire for her successor to fail as she pledged loyalty to the Conservative hoping that it would emerge victorious over the Labour party in the next election.