4 years ago
New Delhi:
Embattled British Prime Minister Liz Truss resigned after her tax-cutting plans caused a market meltdown during an already severe cost-of-living crisis. Truss announced that she will remain in office till a successor is chosen.
The prime minister's woes began when her showpiece tax-slashing policy sparked market chaos that threatened the country's pension funds, forcing her into a series of humiliating U-turns.
Interior Minister Suella Braverman's departure on Wednesday triggered the second reshuffle this month after Truss sacked close ally Kwasi Kwarteng over the budget debacle, replacing him with Jeremy Hunt, who swiftly reversed almost all the policy announcements.
