Liz Truss took office on September 6, 2022, just two days before the death of Queen Elizabeth II. Her brief tenure was immediately dominated by the national mourning of the Queen and the accession of King Charles III. However, her "mini-budget," which proposed massive unfunded tax cuts, quickly triggered financial instability, causing the pound to plunge and borrowing costs to spike.
In late 2022, a historic and somewhat surreal meeting took place between King Charles III and the UK's shortest-serving Prime Minister, Liz Truss. Their brief interaction—marked by economic chaos and a famous royal quip—became a defining moment for the start of the King's reign. The Backdrop of Chaos