Britain: Liz Truss’s stormy 44 days as Prime Minister – Counting hours in power?

The prime minister of Great Britain has been targeted, Liz Truss after the 180-degree turn on taxation. Now there is a battle between inflation and banks, with some arguing that the resignation he approaches her. Six weeks after taking up her position prime minister in Great Britain, 55% of Conservative Party members say he should resign, according to YouGov.

Fighting for her political survival after the collapse of her economic agenda, Britain’s prime minister suffered another major blow on Wednesday after forced to fire one of her senior ministerss, the second major upheaval in such a short space of time. British Prime Minister Liz Truss’s situation looks less and less tenable amid the chaos that has ensued. The main events since he came to power on September 6, the Athens News Agency reports.

Tras was elected, pat the age of 47, to replace Boris Johnson, following a vote among Conservative party members with 81,326 votes to 60,399 for her rival Rishi Sunak.

– September 6 –

Truss officially became prime minister after meeting Queen Elizabeth II, who asked her to form a new government.

– September 8 –

Faced with skyrocketing energy costs, Liz Truss announces to Parliament the ‘freeze’ of prices for individuals and businesses. Her announcement was overshadowed by Elizabeth’s death, with political life halted for 10 days of national mourning.

– September 23 –

Finance Minister Quasi Quartering announces a ‘mini budget’ to boost growth, based on tens of billions of pounds in tax cuts, financed by debt.

There is panic in the financial markets. On the 26th of the month, when the markets opened again, the lira plunged to a historically low level.

– September 28 –

In the face of market panic, the Bank of England announces that it is urgently intervening in the bond market in the face of a “significant risk to UK financial stability”.

– September 29 –

Research institute YouGov reports a 33-point lead for opposition Labor, the longest since the late 1990s, two years before a general election.

– October 3 –

During the Conservative party conference, marked by disagreements and tensions, Liz Truss and Quazi Kwarteng are forced into their first fold: they withdraw the abolition of the higher income tax rate.

– October 5 –

“I got it, I heard you,” Truss said at the party conference. “Growth, growth, growth,” she repeats without reassuring skeptics in her party or jittery markets.

– October 12 –

Tras rules out, in front of its MPs, any reduction in public spending, promising at the same time to maintain tax cuts, intensifying doubts about its policy.

– October 13 –

Conservative party members refer to a list of names being circulated to replace Truss in Downing Street.

From Washington, where he is attending the annual meetings of the International Monetary Fund and the World Bank, Kwazi Kwarteng appears confident that both will be in place in a month.

– October 14 –

Kwarteng, who hastily returned to London, was dismissed and replaced by Jeremy Hunt, a former candidate in the Downing Street succession race.

Liz Truss calls a press conference where she mechanically repeats that she wants to complete her mission, takes four questions, and hurries off after eight minutes.

There he announces a new twist, abandoning keeping the corporate tax rate at 19% to rise to 25% as predicted by the previous government.

– October 17 –

Jeremy Hunt, the fourth Chancellor of the Exchequer since the start of the year, announces the cancellation of almost all measures in Liz Truss’ economic programme.

She is represented in Parliament to answer opposition questions about this policy. “No she is not hiding behind a desk,” said Penny Mordant, the minister who represented her, as some MPs chanted “resign”.

Truss herself acknowledged “mistakes” in a late-night BBC interview and apologized but ruled out resigning, citing the “national interest”.

– October 19 –

“I’m a fighter not a throwaway,” Liz Truss said in a session of Parliament.

Her Minister of the Interior, Suella Baverman, is resigning. She explains that she sent from her personal e-mail an official document on immigration policy to a colleague in Parliament. “I made a mistake, I accept responsibility and resign,” she wrote in her resignation letter, a clear message to Tras, who remains in her position.

In the evening, there was chaos in Parliament over the vote on fracking, which the government wanted to turn into a confidence test.