'That was Liz Truss, wasn't it? This market could crash any minute' - the moment ITV and Richard Hoiles went viral with Goodwood quip

Glorious Goodwood is well known for attracting famous faces and this week was no different, with one particular moment during ITV's coverage going viral on social media and arguably providing the quote of the week . . . at the expense of a former British prime minister.

The chain of events has become a hit on X and began with a typical Matt Chapman pre-race interview with Dr Jim Hay before the opening 1m2f handicap on Wednesday.

As Hay talked through his three runners in the race, a certain Liz Truss was also standing next to him in the camera shot with a beaming smile. She was seemingly expecting to be interviewed.

However, whether unintentionally or on purpose, Chapman blanked her. 

But it was not until the coverage cut to the betting show and ITV commentator Richard Hoiles that the broadcast produced a truly viral moment.

Hot on the ball was Hoiles. "That was Liz Truss, wasn't it?" before Hoiles followed a short pause with a quick quip that has since gone viral. "It was. My eyes are not deceiving me. This market could crash any minute, couldn't it?"

The quip by Hoiles related to the economic policies introduced by Truss as prime minister, a mini-budget which included slashing taxes, particularly for the higher paid, a policy funded by borrowing.

It was a disastrous move which left the financial markets reeling, the pound plummeting and forced the Bank of England into action. The events ultimately started the end of Truss's short-lived stint as prime minister, the shortest premiership in British history.

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