Liz Truss resigns as UK prime minister

44 days in office

Elliot Gulliver-Needham
clock • 1 min read

Prime Minister Liz Truss has resigned after just 44 days in office, following a month of market chaos and political turmoil.

Truss' time as prime minister began after former prime minister Boris Johnson resigned from office, triggering a Conservative Party leadership race, in which she beat ex-chancellor Rishi Sunak to the role.  Just two days into her leadership Queen Elizabeth II died, causing a national period of mourning. A timeline of turmoil for Truss This postponed the government's announcements of the introduction of the Energy Price Cap scheme just as the cost of living crisis surged in importance. In her first major move as prime minster, the government announced its Mini Budget on 23 Septem...

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

Cost of Labour Force Survey revamp nearly doubles in a year to £40.4m
UK

Cost of Labour Force Survey revamp nearly doubles in a year to £40.4m

From £24.1m earlier estimate

Cristian Angeloni
clock 20 January 2025 • 2 min read
Reeves to host meetings with financial services heavyweights over sector and UK growth plans
UK

Reeves to host meetings with financial services heavyweights over sector and UK growth plans

First meetings in January and February

Sorin Dojan
clock 20 January 2025 • 1 min read
IMF upgrades UK economic outlook to become 'fastest growing' major economy in Europe
UK

IMF upgrades UK economic outlook to become 'fastest growing' major economy in Europe

Reeves promises ‘relentless reform’

Cristian Angeloni
clock 17 January 2025 • 2 min read
Trustpilot