Why Was Liz Truss Prime Minister for Just 44 Days? Earlier today, British prime minister Liz Truss resigned from her post after just 44 days in office, making her the shortest-serving leader in UK history and continuing the unprecedented political turmoil that has engulfed the country throughout 2022. Why was Truss elected in the first place? Liz Truss’s ascension to the position of prime minister is one few would have predicted a year ago, given former leader Boris Johnson’s Teflon-like ability to weather the many scandals that plagued his time in office. Johnson was first elected as leader of the Conservative party in 2019 after Theresa May’s multiple unsuccessful attempts to pass a Brexit withdrawal agreement saw her resign from the post. Despite ultimately shepherding through his own agreement with the European Union—and leading the party to a decisive victory with a snap election in December of 2019—Johnson’s tenure as prime minister was one consistently mired in controversy. Disp...

A new chancellor and another U-turn for Truss  Liz Truss has been basically trying to shore up the institutional framework around economic policymaking and denouncing institutions is not part of the key message that she’s been trying to deliver in the last couple of weeks.  I think it was one of the ironies of this week is that the free marketeers have basically been routed by the market, haven’t they? They’ve realised you can’t, you can’t buck the markets. You have to take them with you and you have to explain what you’re doing and you have to show the sums add up. It’s something the Treasury has learnt the hard way over, you know, the last century or more and something Liz Truss has learnt very slowly to her cost. Jeremy Hunt 'to water down energy bills support' Jeremy Hunt will announce that the Government's energy price guarantee is going to be watered down, according to reports. The guarantee is supposed to apply for two years, with help for every household, but it is ...