Timeline: Liz Truss’s turbulent time as Prime Minister

Liz Truss was left clinging to her job on Friday after she was forced into yet another humiliating U-turn on tax. The Prime Minister's authority crumbled following a dramatic day in Downing Street which saw Kwasi Kwarteng sacked as Chancellor and replaced by Jeremy Hunt. it follows the disastrous mini-budget announced just three weeks ago which saw Truss attempt to slash taxes for the richest - before being forced into a series of U-turns after the global financial markets took fright. At a brief press conference in Downing Street on Friday afternoon, the embattled PM confirmed that a rise in Corporation Tax previously announced by Rishi Sunak would now go ahead as planned to raise £18 billion. Truss had repeatedly argued during her campaign to replace Boris Johnson as Tory leader that raising taxes was the wrong move. Original Article: https://www.dailyrecord.co.uk/news/po... Daily Record Homepage: https://www.dailyrecord.co.uk/ Daily Record Facebook:   / thescottishdailyrecord   Daily Record IG:   / scottishdailyrecord   Daily Record Twitter:   / daily_record   Daily Record Newsletters: https://www.dailyrecord.co.uk/newslet... You can get all the latest news, sport, showbiz and comment at DailyRecord.co.uk LIKE | COMMENT | SUBSCRIBE | SHARE #DailyRecord #liztruss #kwasikwarteng