The “race”… was set up this afternoon by the British scandal-mongering newspaper Daily Star asking its readers in a post on twitter if the British Prime Minister Liz Truss can lose her job in less time than it takes a lettuce to rot.
“Can a lettuce out of the fridge outlast Tras’ tenure”?
The “race”… was set up this afternoon by the British scandal-mongering newspaper Daily Star asking its readers in a post on twitter if the British Prime Minister Liz Truss can lose her job in less time than it takes a lettuce to rot.
The Daily Star journalistic “gimmick”…came from an affection from the other end of Britain’s journalistic spectrum. In a column published this week titled “The Iceberg Lady,” the Economist said Trash’s political life has “the lifespan of a lettuce.”
All this as the British prime minister on Friday sacked her finance minister, Kwasi Kwarteng, in a bid to save her tenure amid a storm sparked by announcements of a fiscal austerity package that destabilized markets and eroded confidence in her party and of the British.
“You put the national interest first,” the prime minister wrote in her letter to the outgoing Chancellor of the Exchequer, as the duo came under increasing pressure to overturn a disastrous economic package that forced the Bank of England to intervene in the bond market and pushed the Tories themselves to openly discuss whether they should be replaced.
Kwarteng remained 38 days in his post.
Here are some dates – milestones in Liz Truss’ tumultuous tenure at Downing Street.
July 7
Boris Johnson announces his resignation after months of scandals rocking the country. He remains in Downing Street until his successor is appointed. The campaign within the Conservative Party for the Tory leadership and the Prime Ministership begins.
Eight candidates are in the fray, six of whom will be eliminated in successive votes by Conservative MPs who choose the two finalists: Foreign Secretary Liz Truss, 47, and former Finance Minister Rishi Sunak, 42.
The two candidates hold a series of debates and meetings throughout the summer, while Tory members, who hold the final choice, vote by mail.
September 5
Truss, who is focusing her campaign on tax cuts to boost growth, wins the intra-party battle with 81,326 votes to Rishi Sunak’s 60,399: Elected by 0.2% of the British electorate.
September 6
She officially becomes Prime Minister upon her meeting with Queen Elizabeth who asks her to form a new government.
September 8
The Prime Minister announces to Parliament a freeze on energy prices. Her announcement is completely overshadowed by Elizabeth’s death. Political life in the country stops, with the declaration of ten days of national mourning.
September 23
Finance Minister Kwazi Kwarteng announces a “mini-budget” to get out of the crisis, based on tens of billions of dollars in tax cuts with unclear funding.
Financial markets are in a panic. On September 26, when the markets reopen, the pound slips to an all-time low.
September 28
Faced with a financial panic, the Bank of England announces that it will intervene urgently in the bond market in the face of a “significant risk to the financial stability of the United Kingdom”.
September 29
Polling firm YouGov shows a 33-point lead for opposition Labor, the biggest since the late 1990s. Other polls also show electoral disaster for the Conservatives, two years before the general election.
Kwarteng says he “remains steadfast in his course.”
October 3
At the Conservative Party Conference, full of tension and bickering, Truss and Kwarteng are forced into a first conversion: they abandon the abolition of the top tax rate, a highly controversial measure from the “mini-budget”.
October 5
In her speech at the Conservative conference, Trass insists on the slogan “growth, growth, growth”, without reassuring either the most skeptical of her party, or nervous markets.
October 10
Kwarteng says his medium-term budget plan, originally scheduled to be released at the end of November, which would explain how the government would finance spending, will finally be released on October 31.
October 12
Tras has ruled out cutting public spending before MPs, vowing to maintain tax cuts, raising doubts about her policy.
October 13
The Tories are talking about a list of names being floated to replace her in Downing Street, 37 days after her arrival. From Washington, Kwarteng says he is confident he will still be in office a month from now.
October 14
Kwarteng rushes back from Washington, goes to Downing Street and shortly after announces on Twitter his impeachment.
In her letter to Kwarteng, Truss states that Quazi Kwarteng put the national interest first by resigning from his position.
The new finance minister is the 55-year-old former foreign minister Jeremy Hunt.
RES-EMP
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I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
