LIZ TRUST -SIX WEEK PRIME MINISTER OF UK RESIGN/

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.

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.