Truss is the shortest-serving prime minister in Britain's history, and the third Conservative Party prime minister pushed out of office in as many years.
resigned Thursday after just 45 days in office, becoming the shortest-serving prime minister in Britain's history and the third Conservative Party prime minister to be pushed out of office in as many years.
Sept. 5: Truss wins Tory electionin an election to determine the new leader of Britain's Conservative Party. Truss won after promising to increase defense spending and cut taxes. However, she refused to say at the time how she would address the cost-of-living crisis. and unveiled a £150 billion plan designed to limit energy costs for households to £2,500 per year for two years. The Resolution Foundation, a British independent think tank, slammed the proposal, arguing it would give the richest tenth of U.K. households far more than £2,200 in support.
"We had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation, and of course, that means taking controversial and difficult decisions," she said. "But I'm prepared to do that as prime minister because what's important to me is that we get our economy moving."Oct. 3: Truss reverses course on top rate of tax
On Oct. 17, Hunt proceeded to scrap almost all of Truss’ tax cuts, cut short her energy subsidies and abandoned her promise of no public spending cuts. He said the government would need to save billions of pounds and that there are "many difficult decisions" to be made before he sets out a medium-term fiscal plan Oct. 31.
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