Skip to content
Wednesday 19 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,750.74
+0.21%
DAX
26,173.44
+0.17%
CAC 40
8,556.67
+0.56%
STOXX 50
6,489.83
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Friday 05 July 2024 7:01 am  |  Updated:  Friday 05 July 2024 10:25 am

Election 2024: Liz Truss loses seat to Labour as mammoth majority evaporates

By: Charlie Conchie

City Editor

Add as a preferred source on Google
Former prime minister Liz Truss has lost her Norfolk South West seat to Labour at Alive Lynnsport in King's Lynn, Norfolk, during the count in the 2024 General Election. Picture date: Friday July 5, 2024. PA Photo. See PA story POLITICS Election. Photo credit should read: Jacob King/PA Wire

Liz Truss has lost her Norfolk seat to Labour after voters revolted against the former Prime Minister following her disastrous spell in office.

Truss, who became the shortest-serving premier in British history when she stood down after 49 days, surrendered a huge 26,195 to the Labour candidate Terry Jermy in a result that signals the scale of anger at the ex-PM. 

Spectators began slow hand clapping at the count after candidates were left standing on stage waiting for the former Prime Minister to join them. She left without giving a concession speech.

Brexit-backing South West Norfolk has been regarded as a Tory stronghold but local constituents were said to have become impatient with Truss’s disengagement from the local seat, Politico reported. She further enraged constituents after missing a hustings during the campaign.

The result will bring an end to a 14-year tenure in parliament for Truss, who was famously outlasted by a lettuce while in Downing Street.

Play Video

She was first selected for the seat as a member of David Cameron’s ‘A-list’, and has served as environment, justice, and foreign secretary before becoming prime minister in September 2022. 

When Prime Minister, her Chancellor, Kwasi Kwarteng, unveiled a disastrous “mini-budget” which included £45bn worth of unfunded tax cuts, including abolishing the top rate of income tax and dropping a number of planned rises to National Insurance and corporation tax. 

The measures roiled the markets and brought the pound to its lowest ever rate against US dollar, and was criticised by multiple figures within Truss’ party, and US President Joe Biden. Truss initially reversed the abolition of the 45 per cent income tax rate, before later sacking Kwarteng, who claimed that he had told Truss to “slow down”. 

Announcing her resignation as PM, Truss said her government “delivered” on energy bills and National Insurance, saying that she “set out a vision for a low-tax, high-growth economy,” but admitted that she could not “deliver the mandate” on which she was elected.

Read more

Brazen Burnham should call an election and put his ten year plan to the voters

Andy Burnham speaking to media outside 10 Downing Street with a crowd gathered.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Conservative
  • general election 2024
  • Liz Truss

Related Topics

  • General Election 2024
  • Liz Truss

Trending Articles

  • Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Amanda Blanc has worked her magic at Aviva

  • Monzo chair makes early exit after boardroom rift

More from Morning Wire

  • Brazen Burnham should call an election and put his ten year plan to the voters

    Politics
    Andy Burnham speaking to media outside 10 Downing Street with a crowd gathered.
  • ‘Moron premium’ – Westminster turmoil has ‘cost taxpayers £35bn’ since 2022

    Politics
    Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics
  • Mahmood called for banker bonus tax to fix youth unemployment 

    Banking
    Shabana Mahmood wearing a stylish black jacket, embodying professional elegance in a business setting
  • On this day: the birth of Michael Foot

    Opinion
    Michael Foot speaking at a public rally in a city square with a large crowd and buildings in the background.
  • Reeves: Burnham will face ‘shocks and challenges’ as Prime Minister

    Politics
    Rachel Reeves delivering a speech at a press event, wearing a navy blazer and standing in front of a backdrop with logos.
  • Miliband opponents pour cold water on Chancellor hopes

    Politics
    Ed Miliband outside Downing Street
  • Forget Burnham, what will Starmer do next?

    Opinion
    Keir Starmer announces resignation at press conference, standing behind podium with serious expression, addressing media
  • Burnham: I’ll be a pro-business Prime Minister

    Politics
    Andy Burnham speaking at Labour leadership event, addressing the audience with confidence and engaging in political discou...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook