United Kingdom - September 2022
Liz Truss becomes Prime Minister
After winning the Conservative Party leadership contest, Liz Truss succeeded Boris Johnson to become the fourth Prime Minister of the United Kingdom in six years. Johnson had announced his resignation in July 2022 following a set of scandals within the governing party, including ‘partygate’ – in which the now former Prime Minister was fined for breaking lockdown rules. Truss has faced an unstable start to her premiership, as the announcement of the ‘mini-budget’ led to turmoil in the financial markets, with the pound falling to an all-time low against the dollar and the Bank of England launching a £65 billion bailout for pension funds.
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