Published on 12:00 AM, October 21, 2022

Liz Truss: Downing Street’s briefest incumbent

Liz Truss is set to become the shortest-serving prime minister in Britain's history, after the public, MPs and the markets comprehensively rejected the self-styled heir to Margaret Thatcher.

Truss succeeded Boris Johnson by selling to the Conservative rank-and-file a plan to turbo-charge economic growth through tax cuts, via increased borrowing.

She accused her rival in this summer's Tory leadership race, Rishi Sunak, of "scaremongering" when he warned that such an approach at a time of rampant inflation would drive up interest rates for millions of Britons.

But that is exactly what happened.

Yesterday, Truss was forced to announce her own resignation, a week after firing her finance minister and "ideological soulmate", Kwasi Kwarteng, in a desperate bid to shore up her position.

The Tories expect to have a new leader in place by October 28, meaning Truss will comfortably underperform 19th-century leader George Canning, who died in office after serving for 118 days.

She is no stranger to screeching U-turns, having begun her political journey as the Liberal Democrat-supporting daughter of progressive parents. At that time, she also opposed the monarchy and Brexit.

Her youthful calls to abolish the royal family ran headlong into her new role when Queen Elizabeth II died on September 8, only two days after appointing Truss.

The new prime minister paid tribute to the late monarch, curtsied to King Charles III, and joined the queen's successor on a tour of his new UK realms.

But her tribute from the steps of 10 Downing Street was widely seen as stilted, betraying the leaden oratory of Truss in comparison to the verbal theatrics of Johnson.

Yet after scandal-ridden Johnson, Truss's unvarnished style and promises of a right-wing agenda found favour with the Tory membership.

Johnson's former top aide Dominic Cummings likened her to a "human hand grenade", and some MPs accused her of excessive self-promotion.

Truss grew up first in Scotland and then in an affluent suburb of Leeds, northern England.

Her mother was a nurse, teacher and campaigner for nuclear disarmament who took her on protests, and her father was a left-wing maths professor.

She went on to Oxford, where she graduated in philosophy, politics and economics.

At Oxford, she was president of the university's Liberal Democrat branch. At the party's national conference in 1994, she gave a speech calling for the abolition of the monarchy.

By her own admission, her switch to the Conservatives shocked her parents, but she says her beliefs had evolved.

After university, Truss worked in the energy sector, including for Shell, and telecommunications before entering politics a decade later.

She was a local councillor in southeast London for four years and became an MP in 2010.