LIZ TRUSS, THE UK PRIME MINISTER, HAS RESIGNED

LIZ TRUSS, THE UK PRIME MINISTER, HAS RESIGNED

The chaos in the United Kingdom continues with the Prime Minister, Liz Truss, resigning after only 44 days in the job. One measure of the times, she was accepted as PM by the Queen, and resigns to the King.

Her departure marks, it may seem, the end of the "Buccaneering Brexiteer" dream of a swaggering, low-tax "Singapore on the Thames" model of society; the markets instantly looked askance at her Truss-onomic "fiscal event" - the most famous mini-budget in British history.

It is tempting to express empathy for Ms Truss - after all, no one wants to see someone's dreams dashed so quickly on the hard rocks of reality. Most people do not currently consider her worthy of much fellow-feeling, as they see her as the chief wrecker of the UK economy due to robust and fast-moving disruptive ideas and actions.

We can only observe that the markets may rise or fall some more until we know who the third prime minister of 2022 will be - a record once only seen in infamously unstable countries.

How this will impact the cost of living crisis is anyone's guess for now - we can assume calmer heads will prevail - but, we may yet see an election soon, and that will be of even greater interest for the future. Arguably, this is the most turbulent time in British politics since Cromwell.

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