On October 20, British Prime Minister Liz Truss announced his resignation as British Prime Minister at the Prime Minister's official residence at 10 Downing Street, and this is only 45 days after Truss officially became British Prime Minister on September 6, and less than 24 hours after Truss roared "I am a fighter, not a coward" in the House of Commons of the British Parliament on October 19. was urgently recalled to London while attending an IMF meeting in the United States, and was subsequently fired; Second, Home Secretary Sula Brevman voluntarily resigned, although Breferman claimed to have violated "technical regulations" at work, but the outside world generally believes that this is the "latest achievement" of the Truss government's infighting; Third, the vote in the lower house of the British parliament on the implementation of the fracking oil production law, this vote was considered "chaotic" by the outside world, and there was direct infighting within the Conservative Party, and the members who supported the bill in the front row dragged the members who did not support the bill in the back row to vote.
After such a chaotic scene, especially when the Chancellor of the Exchequer was fired and the Home Secretary voluntarily resigned, the Truss government seemed to have no longer been necessary, and in this way, we saw a strange scene in British politics, a British prime minister who had been in office for only 45 days, breaking the record of 121 days set by Prime Minister Canning in 1827, stepped down. At the same time, during his tenure, the British prime minister also successfully achieved what his previous 15 prime ministers had not achieved, killing the Queen of England and welcoming the new British king, which made Truss inevitably leave a strong mark in the future British history books.
So, what exactly led to the chaos in the Truss government? It starts in September (it seems that it can only start in September). It is said that after Truss took office in September, he immediately began to implement his ambitious tax reduction plan, the so-called tax reduction plan is to reduce personal income tax, corporate tax, to the rich and companies tax reduction, the so-called "first rich bring wealth later", do trickle down economics, the upper class economy is in operation, this social welfare can naturally be transmitted to the lower class, so that everyone has consumption, have food.
So Truss and the Chancellor of the Exchequer quarreled a fierce operation, lowering the basic income tax rate to 19%, the top rate to 45%, and the plan to increase the corporate tax rate from 19% to 25% was also canceled, but now the problem facing the UK is that the price of energy is rising, and at the same time, the pound is depreciating against the United States, the global supply chain can no longer accommodate the British Empire, Truss's tax reduction policy is basically no different from robbing the rich to help the poor, how can the people agree? As a result, Truss's approval rating rocketed, even falling all the way to only a dismal 10%, which can be called a tiger wolf among the new prime ministers, and the legitimacy of the Truss government has been destroyed from the root.
What's more, now there is no money in the UK, and the Chancellor of the Exchequer Qua Teng used the Sea Essence to calculate that the UK may reduce fiscal revenue by up to 45 billion pounds a year after a tax cut, but then the solution he gave was that the British government would make up for this gap by borrowing, but the British government debt status has reached a very high level and has reached the interest rate hike cycle, which makes the British government have to use higher government bond interest rates to attract borrowing, which also superimposes the Fed's interest rate hike cycle, That is to say, the United States is also taking a share of the British financial market. There was little room left for the British government to operate, and as a result, after the borrowing plan launched in parallel with the tax cut plan, the British financial market immediately underwent great turmoil, evaporating more than $500 billion in market value in a short period of time, comparable to the shock of the financial crisis. This is not to mention, because the British pension is held in a large number of financial bonds, the financial market turmoil directly affects the safety of the British pension, and at the same time triggers a larger financial turmoil, affecting the safety of more and more ordinary people in the UK.
At this point, although only five or six days have passed, but the Truss government has actually lost its skills, but Truss is obviously not playing enough, since you say that my tax reduction plan is not good, then the old lady I will change it back will not be over, so on October 14, Truss announced that it completely overturned its own tax reduction plan, increased the basic income tax rate, and did not reduce the corporate tax rate, and continued to maintain the original plan from 19% to 25%. However, many things can not be solved by turning your hands, especially the financial market, market confidence and certainty can be said to be more precious than gold, you think of tax cuts today, tomorrow think of raising taxes, how do I know that you don't think about one after tomorrow is one out, continue to cut taxes or raise taxes? Biden personally criticized Truss's tax cut plan as "extremely bad", and the UK's sovereign credit rating is even at risk of being downgraded, becoming a complete disaster.
In the case of major problems in governance, the infighting of the Truss government came at a volcanic rate, first the unlucky is Kwaten, then the unlucky is Braverman, and even so, such as Truss's appointment of a new chancellor to clean up the mess, it still cannot reverse the decline, which is the magical girl's magical girl's fantasy journey as prime minister for 45 days.
At the same time, although Truss stepped down, but the trouble in Britain seems to be not over, after Truss stepped down, there is no one in the Conservative Party who can come out to pick the beam as the prime minister, and the people who can be counted at present, one is the Indian Sunak, who competed with Truss for the leader of the Conservative Party, because the owners of the British Zhengbei flag refused to let a cloth slave come out as prime minister, and was eliminated in the state of dominant polls. Sunak is a technocratic bureaucrat, understands finance and economics, and is an expert, but because of his Indian identity, it is difficult to make a difference;
The second is Briverman, who is an Indian like Sunak, and Baverman has always been considered Sunak's hardcore, after all, Indians are very huddled, and being appointed as home secretary at the beginning was originally a balanced strategy, so the first unlucky and sacrificed when something happened was also her, but in terms of seniority, Brevman was obviously inferior to Sunak, and it was not ruled out that the last two continued to huddle together to let Sunak go;
The third is the former Secretary of State of Defense Penny Mordaunt, this sister was considered an important opponent of Lidstrus at the time, but unfortunately did not even reach a round and did not cut off the horse, her problem is the same as Truss, too easy to be self-righteous, a word of disagreement to make a tiger wolf operation, to change this sister, maybe it is expected to set a new record of 45 days for Truss; The fourth is Theresa May, Theresa May has said to the outside world that she hopes to re-run for the British Prime Minister, but with a record of delaying the Brexit issue, I don't know how much support Theresa May can get, so at least until now, these masters above are not reliable.
In addition to these people, Johnson, who has just been in office for 45 days, was actually brought out again, and many people think that in this state now, Johnson can come out to clean up the mess, so he strongly demands that Johnson be re-appointed as British prime minister. Although Johnson has not clearly stated his position, but to a large extent, this person is really one of the most reliable candidates, if in the end really let Johnson go up again, then this toss and turns, and I don't know what the UK tossed around, what the plan is.
In short, for this big drama in British politics, let's wait and see, and maybe it will be more exciting later.