An Egregious Reign

During her brief tenure, Truss made a number of questionable decisions that alienated the financial community. Following a collapse in the bond market, she dismissed her finance minister Kwasi Kwarteng and abandoned the majority of her policy initiatives.

At least five of her own MPs had publicly called for her removal. Subsequently, several polls had highlighted that both her and her party's ratings had crashed. YouGov said on Tuesday that she became the most unpopular leader that it had ever tracked, within six weeks of assuming power. Some of her promises included tax cuts supported through higher borrowing, a strong move towards conservatism as far as social and cultural problems were concerned, and deregulation.

"I accept though, given the reality, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore talked to His Majesty the King to advise him that I am retiring as leader of the Conservative Party. This morning I saw the chairman of the 1922 Committee, Sir Graham Brady. We've agreed that there will be a leadership election to be concluded within the next week. This will ensure that we remain on a road to deliver our fiscal plans and protect our country's economic stability and national security," the former PM stated

This book provides information about her resignation and the analysis of the effects of her resignation

Dettagli