Liz Truss takes office
Liz Truss will take office as the UK's new Prime Minister on September 6, 2022. "Together we can ride out this storm," Liz Truss said in her first speech.
She promises a plan that will provide economic growth through tax breaks and reforms.
It criticized the budget proposal
On September 23, the British Finance Minister Kwasi Kwarteng presents a budget proposal that is described as a major fiasco.
The proposal results in the British pound plummeting and interest rates on British government securities rising sharply.
The opposition criticizes the investment, which is described as too generous to the rich and inflationary.
The proposal contained the largest tax cuts in the country in 50 years.
U-turn and fired finance minister
After the heavily criticized budget proposal, Liz Truss is forced into a humiliating U-turn.
Instead of the tax breaks and reforms that were promised, "a historic turnaround" is being made and a completely different reality is being painted for British households and businesses.
She sacks finance minister Kwasi Kwarteng and appoints Jeremy Hunt, who completely removes the criticized tax breaks.
Liz Truss is mocked during question time
On October 19, Prime Minister Liz Truss was heavily criticized in her first Question Time in the British House of Commons after the change of Chancellor of the Exchequer.
She was met with sneers and jeers, but answered herself:
- I am a fighter.
The Minister of the Interior leaves
A few hours later, Minister of the Interior Suella Braverman left her post.
According to British media, Braverman is resigning due to an "honest mistake", rather than a political disagreement.
According to the news channel, she must have shared classified information on her private mobile phone.
The information must have related to immigration.