Trussi’s career as prime minister was stormy from the start. Unsuccessful decisions turned both the voters and his own party against him.
British Prime Minister Liz Truss announced today that she will resign after just over six weeks in office.
At the same time, he becomes the shortest-lived prime minister in British history.
The government of Truss, who was elected prime minister from the conservative party at the beginning of September, faltered almost from the beginning, and experts have described the beginning of the term as even catastrophic.
Truss said in his speech earlier today that he has lost the trust of his party and is unable to fulfill the mandate he was elected to do.
In this story, we tell the main reasons for Truss’ unusually short career as prime minister.
1. Failed economic policy messed up the market
The problems are mainly due to the budget announced in September.
Liz Truss had promised to cut taxes immediately if she was elected prime minister. In the budget presented about a month ago, extensive tax reductions were presented for high income earners. Since then, the British market has been in turmoil.
For example, the value of the pound fell considerably immediately after the presentation of the budget, and mortgage interest rates, among other things, began to rise rapidly.
The tax relief looked bad, when at the same time low and middle income people were suffering from rising prices.
Then there was a sudden reversal, and all the planned tax reductions were canceled under the leadership of the new finance minister. It took Truss’s policy to the bottom.
2. Trussi’s actions collapsed the popularity of the conservatives and the party’s trust collapsed
The chaos in the market that followed the government’s budget proposal significantly decreased the support of the conservatives in opinion polls.
For example Compiled by Politico magazine (you will go to another service) according to opinion polls, the conservative party is probably facing defeat in the next election.
This has increased the party’s dissatisfaction with the prime minister.
By noon on Thursday, at least 13 members of the Conservative Party had publicly stated that they supported changing the prime minister.
According to media reports, as many as 50–100 conservative MPs had time to present Truss with a vote of no confidence.
The discussion section of the story is open until 11 pm on Friday, October 21.