• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Politics

Liz Truss handed £19k severance payment for her 49 days as PM

Her short spell in office sparked a meltdown in the financial markets and led to mortgage rates soaring.

Jack Peat by Jack Peat
2023-07-20 14:04
in Politics
FacebookTwitterLinkedinEmailWhatsapp

Liz Truss received a severance payment of £18,660 for being prime minister for just 49 days, it has been revealed.

The Tory MP for South West Norfolk became the shortest-serving prime minister in UK history after she resigned after just a month and a half in office.

Her trickle-down high-wealth agenda attracted scorn from world leaders.

It is estimated that her chancellor’s mini-budget cost the country £30 billion and wiped ten times that amount from UK stock and bond markets, triggering a pension fund crisis and seeing international investors running scared.

Kwasi Kwarteng took the bullet for the budget and was soon joined by Truss’s chief whip and deputy chief whip as chaos ensued ahead of a vote on fracking.

As it turns out, such tenures can be quite profitable for some.

🚨 | BREAKING: Liz Truss was given nearly 20 GRAND as a severance payment for being Prime Minister for just 49 days – a period which saw a significant market meltdown and millions of mortgages skyrocket pic.twitter.com/romqFxtdiH

— Politics UK (@PolitlcsUK) July 20, 2023

Related: The Right To Be Wrong

RelatedPosts

Failure for Trump as he declares ‘no deal’ with Putin over Ukraine war

Study finds people ‘became more left-wing’ after access to The Sun was limited

Tories rage at 800-year-old English jury system after Labour councillor cleared of charges

Labour minister issues perfect response as Farage urges PM to appoint Reform peers

Tags: Liz Truss

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← North Korea, anyone? Concerns raised over MPs hosting political TV shows during general elections ← Tories say Standard was ‘clearly mocking’ its mayoral candidate with front page splash
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->