UK Prime Minister, Liz Truss has resigned after less time in office than Kim Kardashian’s first marriage.
According to CNN, the announcement (made today, 20 October at Dowling Street) came just a few hours after her Home Secretary Suella Braverman also handed in her resignation with a “blistering attack” on Truss’s leadership.
It also came after she replaced her chancellor (and ally) Kwasi Kwarteng with Jeremy Hunt who was a rigid supporter of Truss’s rival in a move that was believed to be a ploy at gaining the party’s confidence but did quite the opposite.
The build-up to Truss’s resignation
Truss has been handed scathing criticism of her 45 days in office, with many points of reference succinctly packaged in an interview with Sky News that’s since gone viral.
@torysc_mout Source: Sky News #bethrigby #uk #politics #liztruss #britain #labour #liztruss #dizzylizzie #skynews #interview ♬ Creepy horror sound – TOKU SPACE MUSIC
It shared that:
- In 18 days, Truss had announced 45 billion pounds of tax cuts, without setting fiscal framework
- This precipitated a 65 billion pound emergency bond buy-in program by the bank of England to protect pension funds
- The pound tanked
- A thousand mortgage deals were withdrawn in markets as interest rates expectations spiked
- Truss did a U-turn on a policy despite being the “lady not for turning” as her 33-point lead promised
The BBC reports that Truss said she “could not deliver the mandate” she had initally promised and had notified King Charles of her resignation.
She will go down in history as the shortest-serving UK Prime Minister.
Truss’s resignation speech revealed that a contest would take place in the coming weeks in establishing the next Prime Minister, though she will still serve her position until new leadership is determined.
Of the UK’s future leadership, some are skeptical that the party will change its rules to exclude certain members – the majority. Moreover, it’s believed that the next leader will be chosen by Conservative Members of Parliament. In short, that means the next Prime Minister could be chosen not by the thousand members of the party, but a few hundred MPs – something that’s sparked leftist rage for Labour Party supporters.
Feature Image: Twitter
