Editing Conservative Party (UK) (section)

==== 2022: Liz Truss ====
{{Main article|Premiership of Liz Truss}}
[[File:Liz Truss official portrait.jpg|thumb|upright=0.75|[[Liz Truss]]]]
Boris Johnson's successor as leader was confirmed as [[Liz Truss]] on 5 September, following a [[July–September 2022 Conservative Party leadership election|leadership election]].<ref>{{cite news |title= How Liz Truss won the Conservative leadership race |url= https://www.bbc.co.uk/news/uk-politics-60037657 |work= 6 September 2022 |access-date= 7 September 2022 |archive-date= 5 September 2022 |archive-url= https://web.archive.org/web/20220905091715/https://www.bbc.co.uk/news/uk-politics-60037657 |url-status= live }}</ref> In a strategy labelled [[Trussonomics]] she introduced policies in response to the [[2021–2022 United Kingdom cost of living crisis|cost of living crisis]],<ref>{{Cite web |last=Sinclair |first=Tom |date=4 October 2022 |title=Cost-of-living crisis: Workers have gone without meals or pawned posessions says Union |url=https://pembrokeshire-herald.com/79152/cost-of-living-crisis-workers-have-gone-without-meals-or-pawned-posessions-says-union/ |access-date=5 October 2022 |website=The Pembrokeshire Herald |archive-date=4 October 2022 |archive-url=https://web.archive.org/web/20221004133948/https://pembrokeshire-herald.com/79152/cost-of-living-crisis-workers-have-gone-without-meals-or-pawned-posessions-says-union/ |url-status=live }}</ref> including price caps on energy bills and government help to pay them.<ref>{{Cite web |date=8 September 2022 |title=Liz Truss to freeze energy bills at £2,500 a year average, funded by borrowing |url=https://www.theguardian.com/politics/2022/sep/08/liz-truss-to-freeze-energy-bills-price-at-2500-a-year-funded-by-borrowing |access-date=5 October 2022 |website=The Guardian |language=en |archive-date=20 October 2022 |archive-url=https://web.archive.org/web/20221020125828/https://www.theguardian.com/politics/2022/sep/08/liz-truss-to-freeze-energy-bills-price-at-2500-a-year-funded-by-borrowing |url-status=live }}</ref> Truss's [[Truss's mini-budget|mini-budget]] on 23 September faced severe criticism and markets reacted poorly;<ref>{{Cite news |last1=Webber |first1=Esther |last2=Brenton |first2=Hannah |last3=Courea |first3=Eleni |date=11 October 2022 |title=Liz Truss panics as markets keep plunging |work=Politico |url=https://www.politico.eu/article/britain-economy-liz-truss-mistakes-markets-tax-kwarteng/ |access-date=22 October 2022 |archive-date=22 October 2022 |archive-url=https://web.archive.org/web/20221022091555/https://www.politico.eu/article/britain-economy-liz-truss-mistakes-markets-tax-kwarteng/ |url-status=live }}</ref> the pound fell to a record low of 1.03 against the dollar, and [[Gilt-edged securities|UK government gilt]] yields rose to 4.3 per cent, prompting the [[Bank of England]] to trigger an emergency bond-buying programme.<ref>{{Cite web |last=Gilchrist |first=Karen |title=UK's Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting |url=https://www.cnbc.com/2022/10/05/uks-liz-truss-pledges-tax-cutting-future-in-speech-plagued-by-protest.html |access-date=5 October 2022 |website=CNBC |date=5 October 2022 |language=en |archive-date=5 October 2022 |archive-url=https://web.archive.org/web/20221005115208/https://www.cnbc.com/2022/10/05/uks-liz-truss-pledges-tax-cutting-future-in-speech-plagued-by-protest.html |url-status=live }}</ref><ref>{{Cite news |last=Grierson |first=Jamie |date=30 September 2022 |title=How Kwasi Kwarteng's mini-budget hit UK economy – in numbers |work=The Guardian |url=https://www.theguardian.com/uk-news/2022/sep/30/how-kwasi-kwarteng-mini-budget-hit-uk-economy-in-numbers |access-date=22 October 2022}}</ref> After condemnation from the public, the Labour Party and her own party, Truss reversed some aspects of the mini-budget, including the abolition of the top rate of income tax.<ref>{{Cite web |date=3 October 2022 |title=Liz Truss abandons plan to scrap 45p top rate of income tax amid Tory revolt |url=https://www.theguardian.com/politics/2022/oct/03/liz-truss-abandon-plan-scrap-45p-top-rate-income-tax-tory-revolt-kwasi-kwarteng-chancellor |access-date=5 October 2022 |website=The Guardian |language=en |archive-date=5 October 2022 |archive-url=https://web.archive.org/web/20221005235553/https://www.theguardian.com/politics/2022/oct/03/liz-truss-abandon-plan-scrap-45p-top-rate-income-tax-tory-revolt-kwasi-kwarteng-chancellor |url-status=live }}</ref><ref>{{Cite web |title=Liz Truss says she has 'absolutely no shame' in performing tax cut U-turn |url=https://news.sky.com/story/liz-truss-says-she-has-absolutely-no-shame-in-performing-tax-cut-u-turn-12711880 |access-date=5 October 2022 |website=Sky News |language=en}}</ref> Following [[October 2022 United Kingdom government crisis|a government crisis]] Truss announced her resignation as prime minister on 20 October<ref name="BBC News">{{Cite news |date=20 October 2022 |title=Liz Truss resigns as prime minister after Tory revolt |language=en-GB |work=BBC News |url=https://www.bbc.com/news/uk-politics-63332037 |access-date=20 October 2022 |archive-date=20 October 2022 |archive-url=https://web.archive.org/web/20221020124108/https://www.bbc.co.uk/news/uk-politics-63332037 |url-status=live }}</ref> after 44 days in office, the shortest premiership in British history.<ref name="BBC News" /><ref>{{Cite news |last1=Adam|last2=Booth |first1=Karla|first2=William |date=20 October 2022 |title=U.K. Prime Minister Liz Truss announces resignation after six weeks in office |url=https://www.washingtonpost.com/world/2022/10/20/uk-liz-truss-resign-prime-minister/ |access-date=20 October 2022 |newspaper=The Washington Post}}</ref> Truss also oversaw the worst polling the Conservatives had ever received, with Labour polling as high as 36 per cent above the Conservatives amidst the crisis.<ref>{{cite news |url=https://www.independent.co.uk/news/uk/politics/tory-poll-liz-truss-labour-starmer-b2204553.html |title=Tories facing wipeout as Labour takes 36-point lead in new poll |author=Jon Stone |work=The Independent |date=17 October 2022 |access-date=26 July 2023 |archive-date=9 December 2022 |archive-url=https://web.archive.org/web/20221209115617/https://www.independent.co.uk/news/uk/politics/tory-poll-liz-truss-labour-starmer-b2204553.html |url-status=live }}</ref>