Liz Truss Can Claim £115,000 Every Year Despite Being The Shortest-Serving UK Prime Minister: Report

Liz Truss resigned as the Prime Minister Of the UK after just 45 days of taking over following economic turmoil.

Britain's Prime Minister Liz Truss reacts as she delivers a speech outside of 10 Downing Street in central London (Source: AFP)

New Delhi: Despite becoming the shortest-serving prime minister in British history, the MP for South West Norfolk Liz Truss is still entitled to claim up to £115,000 and live off of taxpayers' money for the rest of her life, as reported by Business Insider. The Public Duty Costs Allowance (PDCA) gives generally all former Prime Ministers a yearly allowance intended to take care of the costs spent while fulfilling public duties in the role.

To be qualified for the allowance, you only have to have been a former Prime Minister, meaning Truss qualifies, in spite of being the shortest-serving Prime Minister in the nation's history.

Liz Truss resigned as the Prime Minister Of the UK after just 45 days of taking over following economic turmoil and the resignation of two key ministers. 

A leadership election will be completed within the next week, with all eyes now on Indian-origin Rishi Sunak, who lost to Truss in the PM race after Boris Johnson resigned earlier this year.

In a statement outside Downing Street, Liz Truss said she came into office "at a time of great economic and international instability". "Britain has been held back for too long by low economic growth," she said.

Truss said she had entered office with "a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit".

Truss's resignation comes following a botched economic plan. A slew of tax cuts announced by PM Truss and his previous chancellor led to the pound crashing and hundreds of billions being wiped off the markets.

The economic turmoil saw a growing number of Conservative members of Parliament demanding Truss step down and end the chaos. Labour leader Sir Keir Starmer called for an immediate general election following Truss's resignation, BBC reported.