DANIEL LEAL\/POOL\/AFP via Getty Images<\/i> <\/span>\n<\/div>\n
Truss resigned from her role as Conservative Party leader and, ultimately, Prime Minister of the United Kingdom following a tumultuous few weeks in office.<\/p>\n
Having previously served in the UK government in multiple cabinet roles, Truss won the Conservative Party leadership election over the summer and replaced Boris Johnson as PM on 6th September 2022.T<\/p>\n
Truss\u2019s time in office was quickly dominated by the death of Queen Elizabeth II, the subsequent mourning period and state funeral, and the ascension of King Charles III.<\/p>\n
Following this, Truss and her then-Chancellor of the Exchequer Kwasi Kwarteng revealed a \u201cMini-Budget\u201d that announced large-scale borrowing and various tax cuts to respond to the cost of living crisis and energy supply crisis.<\/p>
The Mini-Budget was poorly received by financial markets and was blamed for a rapid fall in the value of the pound and required a response from the Bank of England.<\/p>\n
The economic policy was roundly criticised by the International Monetary Fund, the Labour Party, sections of the Conservative Party, other opposition parties, and even US President Joe Biden.<\/p>\n
In response to the crisis, Kwasi Kwarteng was sacked from his position and subsequently replaced by Jeremy Hunt who made a new economic statement that largely reversed the Mini-Budget.<\/p>\n
As a result, Truss\u2019 position and reputation were largely considered untenable, leading her to resign from the office of Prime Minister.<\/p>\n
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If you\u2019re looking for something else to watch, check out our<\/strong>\u00a0<\/strong>TV Guide<\/a>.<\/strong><\/p>\n
The latest issue of Radio Times magazine is on sale now \u2013\u00a0subscribe now<\/a>\u00a0and get the next 12 issues for only \u00a31. For more\u00a0from<\/span>\u00a0the biggest stars in TV, listen to the<\/span>\u00a0Radio Times\u00a0View<\/span>\u00a0From<\/span>\u00a0My<\/span>\u00a0Sofa<\/span>\u00a0podcast<\/a>.<\/span><\/b><\/strong><\/p>\n<\/div><\/body><\/html>\n
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