British Prime Minister Liz Truss announced her resignation on Thursday morning after just six weeks in office, making her the shortest-serving Prime Minister in UK history.
The former Foreign Secretary’s policy of easing economic woes backfired, frenzied markets and sent the pound further lower. Truss’s tenure was marked by a pound in trouble and a shattered British economy, leading to calls for her resignation.
Under pressure from her own party, Truss decided to resign after a destructive 24 hours. Home Secretary Suella Braverman blasted her leadership after resigning on Wednesday, followed by charges of forcing lawmakers to vote against a fracking ban.
A competition to fill her vacancy will be held within a week, Truss said in a speech announcing her resignation on Thursday.
According to the current rules of the Conservative Party, the election candidates must face the 357 MPs of the Parliamentary Party for a vote. The two best candidates from this process advance to a second round.
Before Truss, whose tenure lasted just 45 days, George Canning previously held the record for the shortest tenure as Prime Minister, having served 119 days until his death in 1827.
Truss took office amid a storm of controversy surrounding her predecessor, Boris Johnson. Her departure leaves Downing Street and the Conservatives in first place. With an upcoming election, the UK will have its fourth prime minister since 2019.
https://www.ibtimes.com.au/british-pm-liz-truss-resigns-whats-next-embattled-uk-1839751?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution British Prime Minister Liz Truss resigns; What’s next for the embattled UK?