Liz Truss
Former Prime Minister of the United Kingdom
Liz Truss
Former Prime Minister of the United Kingdom
Liz Truss is a British politician who served as the Prime Minister of the United Kingdom from September 6, 2022, to October 25, 2022. She is a member of the Conservative Party and became the leader of the party after winning a leadership contest against Rishi Sunak.
Liz Truss Resignation
- Tuesday, 25 October 2022
Liz Truss resigned as Prime Minister on October 25, 2022, after just 45 days in office, making her the shortest-serving Prime Minister in British history. Her resignation followed a tumultuous period marked by economic instability and growing discontent within her own Conservative Party. The primary factor behind her resignation was the backlash to her government's proposed economic policies, particularly a mini-budget announced by her Chancellor of the Exchequer, Kwasi Kwarteng, which included unfunded tax cuts aimed at stimulating growth. The plan, however, spooked financial markets, leading to a sharp drop in the value of the pound, rising government bond yields, and increasing borrowing costs for the UK.
