Politics

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

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.

Related: The Right To Be Wrong

Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE). He has contributed articles to VICE, Huffington Post and Independent and is a published author. Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.

Published by
Tags: Liz Truss