In Just 45 days after being elected, Ms. Liz Truss, the Prime Minister of the United Kingdom (U.K.,) submitted her resignation.
On the 20th of October, Ms. Liz Truss said that she would resign as British Prime Minister amid roiled financial markets, pushed up living costs for voters and enraged much of her own party.
Ms. Liz Truss said, “I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.” Notably, Ms. Liz Truss became Britain’s fourth PM in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party’s lawmakers. After being elected as the United Kingdom Prime Minister Liz Truss promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. In addition, considering the economic crisis in Britain, Ms. Liz Truss was forced last week to sack her Finance Minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Due to this, approval ratings for her and the Conservative Party collapsed. Furthermore, recently on the 19th of October, Wednesday, Ms. Liz Truss also lost the second of the government’s four most senior ministers. Finally, with the economy heading into recession and millions of Britons struggling with a cost of living crisis, Ms. Liz Truss resigned as the Nation’s Prime Minister.
Moreover, after the exit of Ms. Liz Truss, Mr. Penny Mordaunt, a former Defence Minister, Mr. Rishi Sunak, the contender against Ms. Liz Truss in PM’s race recently along with Ms. Suella Braverman, the Interior Minister, who quit Wednesday are expected candidates for the next PM of Britain.
In addition, Mr. Boris Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during the pandemic, may also be a candidate.
Meanwhile, the Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years.
The new Prime Minister of the United Kingdom would be elected on the 28th of October, Friday.
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