Liz Truss Becomes Downing Street’s Briefest Incumbent
Written by City Radio on October 20, 2022
Liz Truss is set to become the shortest-serving prime minister in Britain’s history, after the public, MPs and the markets comprehensively rejected the self-styled heir to Margaret Thatcher.
Truss succeeded Boris Johnson by selling to the Conservative rank-and-file a plan to turbo-charge economic growth through tax cuts, via increased borrowing.
She accused her rival in this summer’s Tory leadership race, Rishi Sunak, of “scaremongering” when he warned that such an approach at a time of rampant inflation would drive up interest rates for millions of Britons.