HelenJanet
2022-10-22

Liz Truss has resigned as UK's Prime Minister just 6 weeks after taking charge. Truss was in power for just 45 days, which is the shortest term for a British PM. Truss has admitted that she cannot deliver the mandate on which she was elected by the Conservative Party. Her economic programme by slashing taxes without saying how the decision would be paid for had sent shockwaves through the markets and divided her conservative party just weeks after she was appointed.

By the end, Truss had grown so unpopular that her fellow party lawmakers were publicly contemplating plans to replace her. Therefore, she was wise to resign on her own after a chaotic six weeks in office rather than being sacked by her Conservative Party and also after knowing her approval rating fell to the lowest of any British prime minister in decades as the markets balked at her plan to lower taxes and raise spending. The Bank of England intervened to restore order in the financial markets following a furious selloff of U.K. debt in response to the plan.

The sacking of her Finance Minister Kwarteng, the resignation of Home Secretary Suella Braverman and the suspension of Truss’s top aide, Jason Stein have really made Truss’s political life became very dramatic and very messy to manage her team.

Truss: Only 45 Days as PM - Any thoughts?
From September 6 to October 20, Truss was in office for only 45 days, the shortest tenure of a British prime minister. Her mini-budget almost vaporated $500 billion in the British stock and bond market. 【Topic】 What do you think of UK's stock market? Who will become next PM? 【Rewards】 Every Tiger whose posts have more than 50 characters will be given 50 coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Ericdao
    2022-10-22
    Ericdao
    Boris created a mess, this lady created much bigger mess. UK pounds will get pounded more later [Facepalm] [Facepalm]
  • JoelLee
    2022-10-22
    JoelLee
    Fkfkh da I z da
  • Aqa
    2022-10-22
    Aqa
    Thanks [love you][Love]❤️💕
  • Rookie22
    2022-10-22
    Rookie22
    What a Joke UK 🇬🇧
  • LMSunshine
    2022-11-04
    LMSunshine
    Nice👍
  • Fenger1188
    2022-10-23
    Fenger1188
    👍🏻
Leave a comment
31
1