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The Daily Article

Prime Minister Liz Truss resigns after the shortest tenure in British history

The Daily Article

The Denison Forum

Christianity, Daily News, News, Religion & Spirituality

4.9576 Ratings

🗓️ 21 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

British Prime Minister Liz Truss resigned less than six weeks after taking office, the shortest term in England’s history. She was effectively forced out after her economic plan to stimulate the economy did not sit well with the markets. Ironically, most politicians lose the support of their party for failing to keep their promises. Truss did just the opposite. What can we learn from her example?

Author: Ryan Denison, PhD

Narrator: Chris Elkins

Subscribe: http://www.denisonforum.org/subscribe

Transcript

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0:00.0

It's Friday, October the 21st, 2022, and welcome to the Daily Article podcast.

0:09.3

Today's article is written by Dr. Ryan Dennison and narrated by Chris Elkins of the Denison Forum.

0:15.7

The lettuce outlasts Liz Truss.

0:18.4

More than 20,000 people watched live when that announcement rang out as Cool and the Gangs celebration began to roar in the background.

0:28.6

When British tabloid, the Daily Star, first launched the contest last Friday to see if a head of lettuce dressed up like the now former Prime Minister, Liz Truss, could outlast the British leader.

0:41.3

The outlook was already bleak for Truss's time as her country's prime minister.

0:46.3

Truss had run and been chosen, in large part because of her economic plan to stimulate the economy

0:51.3

and help Britain move forward into the post-Brexit future

0:55.0

that conservatives had long envisioned. However, many economists had warned from the start

1:00.9

that her ideas could spell disaster for the nation. Apparently, announcing roughly 45 billion

1:08.4

pounds, that's 48 billion dollars, in unfunded tax cuts, at a time when inflation

1:14.5

is already a problem, borrowing has grown ever more expensive and a global recession seems

1:21.0

imminent did not set well with the markets. As soon as the plan was formally announced, the pound plummeted in value and the Bank of

1:29.8

England was forced to step in to keep pension funds from collapsing.

1:35.1

Her chancellor and co-author of the plan, Quasi Quartung, took the fall initially, resigning

1:41.3

on October 14th.

1:42.8

However, most understood that he was merely following her

1:46.8

policies to the letter. When Quartung's replacement, Jeremy Hunt, settled the markets by

1:52.2

essentially undoing everything Truss had announced, the handwriting was on the wall. As a result,

1:58.1

she too was forced out less than a week later. In total, Liz Truss held office for less than six weeks, by far the shortest term in her country's history.

2:09.0

George Canning, who died of pneumonia after five months in office back in 1827, previously held that record.

2:16.7

In what is perhaps the most damning indictment of her time as

...

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