A poll from YouGov placed Labour on 54 per cent – 33 per cent ahead of the Conservatives on 21 per cent.
After days of financial panic, the markets rushed to lose UK government bonds. Pension funds had become increasingly vulnerable due to their indulgence in liability-driven investments (LDIs) and were on the brink of going under.
Following days of market turmoil and public statements of reassurance from the Chancellor and Governor of the Bank of England, the International Monetary Fund urged the Government to reverse its recent proposals for tax cuts.
As markets opened the weekend after Kwasi Kwarteng’s mini-Budget and his promise of “more to come”, the pound plummeted to an all-time low of $1.035 against the dollar.
Following the Mini-Budget, Kwasi Kwarteng tells Laura Kuenssberg that there was “more to come” on tax cuts. A former minister tells The Sunday Times that “everyone who isn’t mad hates it”.
Kwasi Kwarteng announced his Mini-Budget. Sterling plummeted against the dollar.
Ministers pushed ahead on plans for a ‘Brexit Freedoms Bill’, NHS capacity, fracking, new grammar schools, and the mini-Budget.
In New York, Truss met with Joe Biden and addressed the United Nations General Assembly. In Britain, Rees-Mogg announced an energy price cap for businesses.
Having landed in New York for her first trip abroad as Prime Minister, Liz Truss gave a series of interviews about the upcoming mini-Budget, where she suggested she was “prepared to be unpopular”.
The Prime Minister attended the state funeral of the Queen, and travelled to New York for the UN General Assembly.
ConservativeHome’s snapshot retrospective of the shortest premiership in British political history – one year on and day by day.
ConservativeHome’s snapshot retrospective on the shortest premiership in British political history – one year on and day by day.
ConservativeHome’s snapshot retrospective on the shortest premiership in British political history – one year on and day by day.
ConservativeHome’s snapshot retrospective on the shortest premiership in British political history – one year on and day by day.
ConservativeHome’s snapshot retrospective on the shortest premiership in British political history – one year on and day by day.