Liz Truss Quiz

What was a major challenge Liz Truss faced upon entering No. 10?

• A strong mandate from within her party

• A united Conservative Party

• The continuing effects of the COVID-19 pandemic

• A period of economic stability

What was a criticism of Liz Truss's mandate as Prime Minister?

• She had overwhelming support from Conservative MPs.

• She was backed by a large majority of the UK population.

• She had only been backed by around a third of Conservative MPs.

• She had a clear mandate from her predecessor.

What economic factor contributed to the challenging climate Truss faced?

• Decreasing inflation

• Russia's invasion of Ukraine pushing up energy and food costs

• Low interest rates

• A decrease in the cost of living

What did the mini-budget bypass, raising concerns about its potential impact?

• The Cabinet

• The Bank of England

• The Office for Budget Responsibility (OBR)

• Parliament

What was an immediate consequence of the mini-budget?

• The value of the British pound increased

• Gilt values rose

• The British pound reached a 37-year low against the US dollar

• Interest rates decreased

What was reported about the consultation of Truss's cabinet on the mini-budget reforms?

• The cabinet was fully informed and involved

• The cabinet was consulted after the announcement

• Truss's cabinet had not been informed of all the reforms prior to their announcement

• The cabinet strongly supported all the measures

Which tax cut in the mini-budget was particularly criticised for its political impact?

• Cutting corporation tax

• Abolishing the 45% top rate of tax

• Cutting VAT

• Reducing income tax for lower earners

What did the U-turns on her policies embolden?

• Support for Truss

• Critics of Truss, leading to further rebellions

• Economic stability

• Party unity

Why was the sacking of Kwarteng seen as further undermining Truss's authority?

• Kwarteng was a popular figure

• Truss had to sack her Chancellor for implementing tax cuts she endorsed

• The markets reacted positively to the sacking

• It demonstrated strong leadership

Who was seen to be effectively in power after the sacking of Kwarteng?

• Liz Truss

• Jeremy Hunt

• The Conservative Party

• The Governor of the Bank of England