British Prime Minister Liz Truss has resigned after just six weeks in office, capping off a politically and economically chaotic tenure. Her resignation follows a period of market turmoil spurred by her economic plans, which included a package of deficit-financed subsidies and tax cuts intended to offset high energy costs.
On October 14, Truss responded to the backlash against her economic platform by firing Chancellor of the Exchequer Kwasi Kwarteng. "One independent analysis expected it to cost taxpayers 190 billion pounds ($207 billion) this fiscal year," the Associated Press reported, with "opponents accus[ing] the government of dodging scrutiny by rolling out a major shift in economic policy without the normal analysis from the independent Office for Budget Responsibility."
