Government of the United Kingdom

UK leader in peril after Treasury chief axes ‘Trussonomics’

The U.K.'s new Treasury chief ripped up the government's economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. The move raises more questions about how long the beleaguered British leader can stay in office, though Truss insisted she has no plans to quit.

UK leader Truss holds 1st Cabinet meeting amid energy crisis

British Prime Minister Liz Truss is holding her first Cabinet meeting on Wednesday, after appointing a government diverse in race and gender and united in its support for the new leader's staunchly free-market views.

Truss will also face her political opponents for the first time as leader during the weekly Prime Minister's Questions session in the House of Commons.

Goodbye Boris, Hello Liz

After that, Johnson goes to Scotland to formally offer his resignation to Queen Elizabeth II. Johnson, who announced his intention to resign two months ago, is expected to meet the Queen during the day today at her Balmoral estate to begin the handover to Liz Truss, who was named leader of the ruling Conservative Party on Monday.