A timeline of turmoil for Truss

Less than two months in office

Elliot Gulliver-Needham
clock • 4 min read

Elliot Gulliver-Needham reviews the difficulties Prime Minister Liz Truss has experienced since she came to power.

3 March 2021 Former Chancellor Rishi Sunak announced a corporation tax rise from 19% to 25%, which would come into effect in April 2023. 7 July 2022 Boris Johnson resigns as UK prime minister following the resignation of 54 ministers, serving for under three years in office. 13 July - 2 September Liz Truss and Rishi Sunak make it to the final round of the Conservative Party Leadership election. 5 September Truss won the Conservative Party leader contest against Rishi Sunak, promising a "bold plan" to cut taxes, to grow the economy and "deliver on the energy crisis, dealing ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK consumer confidence edges up in December but remains 'far from strong'
UK

UK consumer confidence edges up in December but remains 'far from strong'

Two measures up

Sorin Dojan
clock 13 December 2024 • 2 min read
BoE survey reveals growing concern over UK inflationary outlook
UK

BoE survey reveals growing concern over UK inflationary outlook

Before BoE interest rate decision next week

Linus Uhlig
clock 13 December 2024 • 2 min read
UK economy unexpectedly shrinks by 0.1% in October sparking 'cause for concern'
UK

UK economy unexpectedly shrinks by 0.1% in October sparking 'cause for concern'

ONS data reveals

Linus Uhlig
clock 13 December 2024 • 2 min read
Trustpilot