British Prime Minister Liz Truss is less than 40 days into her premiership.
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERSThe following is a timeline of her first six weeks in office:Truss is elected Conservative Party leader by the party's membership, winning 57% of the vote to succeed Boris Johnson as prime minister.SEPT. 6 - TRUSS OFFICIALLY BECOMES PMSEPT.
He is criticised for failing to publish growth and borrowing forecasts from the Office for Budget Responsibility government watchdog alongside the budget.The central bank says it will not hesitate to change interest rates and is monitoring markets "very closely", after the pound plunged to a record low and British bond prices collapsed in response to the new government's financial plans.
Truss fires Kwarteng and acknowledges her government's plans for had gone "further and faster" than investors were expecting. She also announces corporation tax will rise to 25%, reversing an earlier plan to freeze it at 19%, and says public spending will have to grow less rapidly than previously planned.Reporting by Kylie MacLellan; editing by Grant McCool
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