Categories: Uncategorized

Liz Truss-The journey from Prime Minister to Resgination

LIZ TRUST -SIX WEEK PRIME MINISTER OF UK RESIGN/

Liz Truss: Britain’s shortest serving PM

 

                   Liz Truss: Britain’s shortest serving PM

Liz Trust ,A United Kingdom Prime Minister Resign after 6 Week ,as Truss’s mini-budget, which sent shockwaves through the markets, was responsible for her downfall.

British Prime Minister Liz Truss on October 20 dramatically announced her resignation just six weeks after taking office.

She has been appointed by Queen Elizabeth II on 6th September

Britain’s interior minister Suella Braverman quit the UK government on Wednesday. She becomes the second senior cabinet minister to depart within a week from Liz Truss’s cabinet.

Rishi Sunak, Johnson’s former finance minister who pointed out the folly of Truss’ economic plans, is one favorite to replace her

 

Eliz Truss assured Parliament during the weekly Prime Minister’s Questions session that she told she  was a “fighter, not a quitter.

LIZZ TRUS

WHY LIZZ TRUS RESIGN:-

  1. Liz Truss’ first week marked the unveiling of a costly plan to cap the energy household bills, in response to soaring prices due to the Russia-Ukraine war. The plan was eclipsed for 10 days following the death of Queen Elizabeth II.
  2. Kwasi Kwarteng, the Chancellor of Exchequer in the new UK cabinet, announced a “mini-budget” in September, which detailed the price of the energy scheme for $67 Billion in six months, the unveiling was done but with no measures to raise funds.
  3. nstead of concrete measures, he announced massive borrowing and new tax cuts including for top earners in the UK, leading to the Pound falling and the political fire the UK cabinet experienced. Two days later, Kwarteng vowed “more to come on tax cuts”
  4. Following criticism and uproar, Liz Truss was forced to take a humiliating U-turn on her planned cut in the top rate of income tax following hurried late-night talks. Kwasi Kawarteng was later fired after 38 days in the office.
  5. The crisis didn’t end for Truss, her Home Minister Suella Baverman quit following a row with Truss and Jeremy Hunt, the finance minister, over immigration, saying that she had “serious concerns” about the government.

 

The Purpose of Writing the Article is to get summarize on on Reason of LIZ TRUSS resignation.

 

 

NIDABIA

my Self Faizan an Entrepreneur and Post Graduate and Optimistic Person . and good Listener and learning from day to day activities . Interested area in Economic world and Digital forum . Looking to enhance my Knowledge in blog and Digital world

Recent Posts

Gold loans vs personal loans: 4 factors that affect your choice

WHICH 8 NOS FACTORS IMPACT ON CHOICE FOR LOANS Gold loans vs personal loans:  factors…

2 years ago

UNION BUDGET 2023

INTERESTING FACT ABOUT UNION BUDGET 2023-24 The Modi administration's aims of developing roads, highways, and…

2 years ago

How To Get A Personal Loan For A Low CIBIL Score?

How To Get A Personal Loan For A Low CIBIL Score? When you require money…

2 years ago

BEST personal money management

BEST personal money management A brief introduction Personal money management is an important skill to…

2 years ago

Stress of Financial problems-how does financial stress affect

WHAT IS FINANCIAL STRESS The effects of financial stress on a person's mental and physical…

2 years ago

50 /30/ 20 budget -Rule of budgeting

What is the 50/30/20 Rule of Budgeting?  According to the 50/30/20 rule, one should set…

2 years ago

This website uses cookies.