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Liz Truss's political career, from her early days to her brief tenure as UK Prime Minister, is marked by her neoliberal ideology and economic policies. Her leadership saw controversial tax cuts and a 'mini-budget' that led to financial instability, ultimately resulting in her resignation after just 49 days. Truss's political stance evolved from pro-EU to a strong advocate for Brexit, with a legislative record that reflects her economic and foreign policy principles.
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Liz Truss was born in Oxford, England to parents with a Labour Party affiliation, but she later joined the Conservative Party
University Studies and Liberal Democrat Involvement
Truss studied at the University of Oxford and initially engaged with the Liberal Democrats before joining the Conservative Party
Professional Background and Election as MP
Truss worked at Shell and Cable & Wireless before being elected as the Member of Parliament for South West Norfolk in 2010
Truss is known for her support of neoliberal economic policies and co-founding the Free Enterprise Group and contributing to the book "Britannia Unchained."
Truss emphasized the importance of British cheese production during her tenure as Secretary of State for Environment, Food and Rural Affairs
Truss served as Secretary of State for Justice and Lord Chancellor, advocating for free-market policies
Truss supported Boris Johnson's leadership campaign, leading to her roles as Chief Secretary to the Treasury and Minister for Women and Equalities
As Foreign Secretary, Truss faced complex international issues, including a diplomatic incident with Russia and the UK's approach to the crisis in Ukraine
Truss won the Conservative Party leadership contest and was appointed as Prime Minister by Queen Elizabeth II in September 2022
Introduction of a 'Mini-Budget' and Negative Reaction
Truss's Chancellor, Kwasi Kwarteng, proposed tax cuts and increased borrowing, leading to a negative reaction from financial markets and a decline in government confidence
Dismissal of Kwarteng and Appointment of Jeremy Hunt
Faced with pressure, Truss dismissed Kwarteng and appointed Jeremy Hunt as the new Chancellor of the Exchequer
Truss's brief tenure as Prime Minister was marked by political and economic turmoil, leading to her resignation after just 49 days
Truss's political ideology is rooted in neoliberal principles, emphasizing supply-side economics, deregulation, and tax reductions
Truss has a varied record on environmental legislation and has shown a transformation from a pro-European Union stance to a firm support for Brexit and a strong approach to foreign policy
While generally supporting liberal social policies, Truss has expressed skepticism towards identity politics and has a nuanced stance on transgender rights