UK Prime Ministers with the Shortest Term Length
Connect with us

Datastream

UK Prime Ministers with the Shortest Term Length

Published

on

Infographic showing UK prime ministers who had the shortest term

The Briefing

  • Eight Prime Ministers in UK history have had terms shorter than one year
  • In October 2022, Liz Truss became the shortest-serving PM, with just 44 days in the role

UK Prime Ministers with the Shortest Term Length

After six weeks that many have described as “chaotic”, UK Prime Minister Liz Truss has resigned. In stepping out of the PM role, Truss is stepping into the history books as the shortest-serving PM in UK history.

While Truss’s term is noteworthy for its briefness, she is not the only politician to have a whirlwind tour of Number 10 Downing Street. Of the 56 people who have held the PM position, eight have served less than a year:

Prime MinisterLength of TermPartyStart of TenureReason for Exit
Liz Truss44 daysConservative2022Resigned
George Canning119 daysTory (Canningite)1827Died
F. J. Robinson, 1st Viscount Goderich144 daysTory (Canningite)1827Replaced
Andrew Bonar Law211 daysConservative (Scot. Unionist)1922Illness
W. Cavendish, 4th Duke of Devonshire225 daysWhig1756Replaced
W. Petty, 2nd Earl of Shelburne266 daysWhig (Chathamite)1782Replaced
J. Stuart, 3rd Earl of Bute317 daysTory1762Resigned
Sir Alec Douglas-Home363 daysConservative (Scot. Unionist)1963Election

The next shortest term in the post-war period goes to Sir Alec Douglas-Home, who served just a hair under one year.

Why So Short?

There are a variety of reasons why leaders have served such short terms.

Much like Liz Truss’s situation, PMs like John Stuart, third Earl of Bute, and Augustus Henry Fitzroy, 3rd Duke of Grafton, ended up resigning during turbulent political situations.

Others, such as George Canning and Andrew Bonar Law, had their terms cut short after succumbing to illness. (Thankfully, this is less common in the modern era.)

Some leaders were merely keeping the seat warm until a more permanent leader stepped into the role, as was the case with William Cavendish, 4th Duke of Devonshire.

A Global Look at Brevity in Office

Of course, short tenures are not unique to the UK. Truss’s departure is drawing comparisons to Kim Campbell and John Turner, who were Canadian PMs for 132 and 72 days, respectively.

In 2007, Kevin Rudd’s second stint as Australia’s PM lasted just 83 days. Australia even has a 7 day term in its history, as Frank Forde served as PM in a caretaker capacity after the death of John Curtin in 1945.

Japan is a country that has notably short tenures in office as well. Over the past three decades, the average length of a Japanese prime minister’s tenure has been under two years.

Where does this data come from?

Source: UK.gov, via Wikipedia

Subscribe to Visual Capitalist
Click for Comments

Datastream

Super-Sized Bets for Football’s Big Game (2013-2022)

Expanding legalization has driven an increase in bets on football’s big game, with wagers more than doubling from 2021 to 2022. (Sponsored Content)

Published

on

Dollar value of bets for football's big game shown over the last ten years using footballs. The football is much bigger in 2022 to indicate that bets doubled from 2021 to 2022.

The Briefing

  • Sports betting became legal outside Nevada when the federal ban was lifted in 2018.
  • Legalization contributed to betting growth, with wagers on football’s big game increasing ten-fold over the last decade.

Super-Sized Bets for Football’s Big Game

With 99 million viewers in 2022, “more Americans tune in to the Super Bowl than any other television broadcast.” Its large viewership, combined with expanding legislation, has led to ballooning wagers.

In this graphic sponsored by Roundhill Investments, we show how these bets have grown over the last 10 years.

Annual Legal Bets on the Big Game

From 2013 through 2018, sports betting was only legal in Nevada and year-over-year growth was low. However, when the federal sports betting ban was lifted in May 2018, more states started allowing bets.

By 2022, 33 states plus Washington, DC were legally able to bet on the game. Wagers climbed quickly as a result.

YearTotal BetsAnnual Growth
2013$99M5%
2014$119M21%
2015$116M-3%
2016$133M14%
2017$138M4%
2018$159M15%
2019$191M20%
2020$280M47%
2021$486M73%
2022$1.1B119%

Data only for states that report bets on football’s big game, see graphic for full list of states included in 2022.

Impressively, legal bets surpassed the $1 billion mark in 2022. Growth was primarily driven by New York State legalizing online sports betting, with the state contributing nearly $500 million to the total.

Since the New York State Gaming Commission does not report event-specific totals, we have estimated this amount based on sports bets made the week leading up to and including the date of the big game.

Investment Exposure to an Emerging Industry

Due to legalization, bets on football’s big game have grown 10 times larger over the last decade. A further shift away from bookies and toward legal operators appears to be likely. In September 2022, 89% of Americans said it was important to bet with a legal operator this NFL season, up from 76% in February 2022.

For legal operators, this could translate into revenue opportunities. Companies that take legal bets reported more than $62 million in revenue from the big game alone in 2022, a 37% jump from the prior year.

Looking for exposure to the growing sports betting industry? Explore Roundhill’s sports betting ETF, $BETZ.

Continue Reading

Subscribe

Popular