Why did UK’s prime minister resign in less than 6-weeks on the job?

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Answer: Truss proposed the largest package of tax cuts in 50 years, presented by Kwasi Kwarteng, the chancellor of the exchequer, the equivalent of the Treasury secretary. But the tax cuts did not coincide with any spending reductions. And they were submitted without economic forecasts. They triggered an economic and political domino effect. The pound dropped to the lowest level against the dollar on record. Government bond prices collapsed. Borrowing rates hit a 20-year high. Source: https://www.pbs.org/newshour/show/british-prime-minister-steps-down-after-tumultuous-six-week-tenure #LinkTip #LinkDap {{Dap}}+10 correct answer #tagPolitics(category)