October 2022 United Kingdom government crisis

Uncommon card · No. 170541

In September and October 2022, the Conservative Party government led by newly appointed Prime Minister Liz Truss faced a credibility crisis. It was caused by the September 2022 mini-budget and a disorganised vote in the House of Commons over a parliamentary motion to ban fracking, ultimately resulting in the loss of support of Conservative members of parliament (MPs). The mini-budget was a ministerial statement entitled "The Growth Plan" delivered by the Chancellor of the Exchequer, Kwasi Kwarteng, to the House of Commons on 23 September. It was received negatively by global financial markets and ultimately led to the dismissal of Kwarteng on 14 October. In the following days, Truss came under increasing pressure to reverse further elements of the mini-budget to satisfy the markets and, by 17 October, five Conservative MPs had called for her resignation. On 19 October, Suella Braverman, the Home Secretary, resigned over a breach of the Ministerial Code following a disagreement with Truss...

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