A timeline of turmoil for Truss

3 March 2021 Former Chancellor Rishi Sunak announced a corporation tax rise from 19% to 25%, which would come into effect in April 2023. 7 July 2022 Boris Johnson resigns as UK prime minister following the resignation of 54 ministers, serving for under three years in office. 13 July - 2 September Liz Truss and Rishi Sunak make it to the final round of the Conservative Party Leadership election. 5 September Truss won the Conservative Party leader contest against Rishi Sunak, promising a "bold plan" to cut taxes, to grow the economy and "deliver on the energy crisis, dealing ...