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In September and October 2022, the Conservative Party government led by newly appointed prime minister Liz Truss faced a credibility crisis. It was caused by the September 2022 mini-budget and a disorganised vote in the House of Commons over a parliamentary motion to ban fracking, ultimately resulting in the loss of support of Conservative members of parliament (MPs).
Campaign logo. Liz Truss launched her bid to succeed Boris Johnson on 10 July 2022. [7] During the July–September 2022 Conservative Party leadership election, Truss pledged to cut taxes by scrapping the National Insurance rise that had previously been announced in April 2022, scrapping the recent corporation tax rise and she also promised to remove green energy levies.
An 11 October column in The Economist titled "Liz Truss has made Britain a riskier bet for bond investors" stated that, after deducting the ten-day mourning period following the death of Queen Elizabeth II, Truss had caused economic and political turmoil after just seven days in power, comparing that duration to the "shelf-life of a lettuce".
Liz Truss resigned on Thursday after just over six tumultuous weeks in the top job, with a new prime minister expected to be in place by the end of next week. ... Liz Truss makes a resignation ...
Liz Truss was hanging on to power by a thread on Thursday, after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony.
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Opposition politicians criticised the list in light of Truss's brief tenure as prime minister, and had called on her successor Rishi Sunak to block its release. [1] Truss said that she was "delighted these champions for the conservative causes of freedom, limited government and a proud and sovereign Britain have been suitably honoured". [2]
Liz Truss has given a notably short resignation speech outside No 10, reflecting the record-breaking brevity of her time as Prime Minister. After only 44 days in office, the outgoing leader spent ...