Liz Truss' Collapse: A Timeline of Chaos

The video explains the rapid economic and political turmoil in the UK following Liz Truss's leadership. It covers the Conservative leadership election, Truss's controversial tax policies, and the resulting market instability. The public and political backlash led to significant challenges for Truss, including a loss of support and a reversal of her economic agenda. The video highlights the complexity of the situation and the need for better decision-making in politics.

What was the initial public reaction to the UK's economic situation as described in the introduction?

• Optimistic about future growth

• Concerned about a potential financial crisis

• Indifferent to the economic changes

• Confident in the government's handling

Who were the final two candidates in the Conservative leadership election?

• Michael Gove and Priti Patel

• Rishi Sunak and Liz Truss

• Boris Johnson and Jeremy Hunt

• Theresa May and David Cameron

What was a key issue debated between Sunak and Truss during the leadership campaign?

• Education funding

• Foreign policy

• Tax policies

• Healthcare reform

What event delayed Liz Truss's policy agenda shortly after she became Prime Minister?

• A general election

• The Queen's death

• A natural disaster

• A major protest

What was the market's reaction to the mini-budget introduced by Truss's government?

• The stock market soared

• Interest rates decreased

• The pound fell to a 37-year low

• The pound strengthened significantly

Which policy in the mini-budget was criticized for benefiting the wealthiest?

• Increase in corporate tax

• Increase in VAT

• Reduction of the top rate of tax

• Introduction of a new wealth tax

What was the outcome of the Conservative Party Conference for Liz Truss?

• She resigned as Prime Minister

• She faced criticism and had to reverse a tax policy

• She announced a new economic plan

• She gained more support from MPs

Who replaced Kwasi Kwarteng as Chancellor after the mini-budget fallout?

• Rishi Sunak

• Jeremy Hunt

• Priti Patel

• Michael Gove

What was the public's perception of Truss's approval rating after the mini-budget crisis?

• It was unaffected by the crisis

• It fell to a record low

• It improved significantly

• It remained stable

What was the predicted outcome for the Conservative Party in the next general election according to the polling?

• A stable number of seats

• A loss of almost all seats

• A slight lead over Labour

• A significant majority