• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
FinancePolitics
Europe

U.K. bookies are betting a head of lettuce can outlive Liz Truss’ premiership

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
October 17, 2022, 8:34 AM ET
Bookies are betting Liz Truss’ remaining time as U.K. prime minister will be shorter than the shelf life of a head of store-bought lettuce.
Bookies are betting Liz Truss’ remaining time as U.K. prime minister will be shorter than the shelf life of a head of store-bought lettuce.Daniel Leal—WPA Pool/Getty Images

Perhaps the hottest bet among U.K. bookies is not whether to sell the pound, but whether to short their embattled head of government. 

Betting odds overwhelmingly predict Prime Minister Liz Truss will be turfed out before the end of the year. For bookies, the only question remaining seems to be whether a head of store-bought lettuce can outlive her rocky six-week term at 10 Downing Street, which has seen poll support for her conservative Tory Party plunge to historic lows. 

As things stand, it’s not looking good, either: She’s losing to the leafy vegetable (at least figuratively). If Truss resigns before the end of the year, that would make her the shortest serving U.K. prime minister in history, beating a record set in 1827 by George Canning, who died after barely four months in office.

“Things have gone from bad to worse for Liz Truss and the Tories, and we’re now looking at one of the biggest swings in recent history between elections,” said Alex Apati, spokesman for Ladbrokes betting firm, on Sunday. “Forget lettuce, the latest odds suggest Truss will do well to outlast the life span of a mayfly at this rate.” 

At present, a  £9 ($10) bet on Truss walking the plank before the year is out would only yield an extra £4 payout, implying the probability she will not survive 2022 stands at nearly 70%.

What an absolute shambles. A struggle to take anything any of them say seriously. We have been humiliated on the world stage and pretty much every household is now worse off. This once proud nation deserves better.

— Isabel Oakeshott (@IsabelOakeshott) October 17, 2022

Speculation about Truss’ exit soared after particularly scathing commentary in The Economist, which concluded last week that—once stripping out the official 10-day mourning period for the Queen’s death—Truss managed to destroy her premiership after only seven days of actual government work: “That is the shelf life of a lettuce.”

Left-of-center newspaper Daily Star ran with the comparison, posting a live link to a “lettuce cam,” where people can follow the race between Liz Truss, symbolized by a framed portait, and the vegetable.  

‘Whatever is necessary’

Installed in office in early September as the replacement for her scandal-plagued predecessor Boris Johnson, Truss’ political fortunes nose-dived last month when her signature plan to grow the economy with unfunded tax cuts crashed the pound and nearly bankrupted pension funds. 

Markets openly revolted after her government failed to present a shred of evidence that her trickle-down tax cuts, which favored the wealthy, would not lead to unsustainable levels of debt. 

It is over.

— Christopher Hope📝 (@christopherhope) October 17, 2022

“Over the past few weeks, the government has looked like libertarian jihadists and treated the whole country as a kind of laboratory mice in which to carry out ultra-ultra-free-market experiments,” said Tory MP Robert Halfon, who said his constituents in Essex were actually frightened by her budget plans. “There’s been one horror story after another—it’s not just about tax cuts for the rich but about benefit cuts [and] cuts for public services.”

Meanwhile, a former deputy governor of the Bank of England said the U.K. had gone from comparisons with fiscally prudent Germany to being cast in the same boat as profligates Italy and Greece.

Now pundits argue the new head of the U.K. Treasury, Chancellor Jeremy Hunt, is the de facto prime minister, dictating the U.K. government’s fiscal policy on Truss’ behalf. Meanwhile, her party appears to be plotting internally how best to remove her from office without prompting a snap election that would almost certainly result in a wipeout for the Tories. 

Told we will begin to see cabinet resignations with the next 48 hours.

— (((Dan Hodges))) (@DPJHodges) October 17, 2022

On Monday, Hunt effectively reversed the bulk of her fiscal stimulus plans in order to raise an additional 32 billion pounds ($36 billion) of tax revenue per year and better balance the books.

“Growth requires confidence and stability, and the United Kingdom will always pay its way,” he said in a broadcast statement. “This government will therefore take whatever tough decisions are necessary to do so.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
EnergyOil
Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
By Jason MaMay 17, 2026
20 minutes ago
Gundlach says it’s ‘just not possible’ for the Fed to cut rates
EconomyFederal Reserve
Gundlach says it’s ‘just not possible’ for the Fed to cut rates
By Jordan Fitzgerald, Sam Kim and BloombergMay 17, 2026
3 hours ago
Supply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
Economysupply chains
Supply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
By Jason MaMay 17, 2026
3 hours ago
U.S. says China to buy $17 billion of agricultural goods annually
EconomyChina
U.S. says China to buy $17 billion of agricultural goods annually
By Yash Roy and BloombergMay 17, 2026
5 hours ago
The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
EconomyDebt
The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
By Jason MaMay 17, 2026
6 hours ago
BlackRock private credit fund’s valuations are probed by DOJ
InvestingDepartment of Justice
BlackRock private credit fund’s valuations are probed by DOJ
By Olivia Fishlow, Ava Benny-Morrison and BloombergMay 17, 2026
8 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
1 day ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
1 day ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
5 days ago
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
Innovation
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
By Jason MaMay 16, 2026
1 day ago
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
Energy
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
By Jason MaMay 16, 2026
1 day ago
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
Success
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
By Sydney LakeMay 17, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.