British Prime Minister Liz Truss resigns after economic plan sparks unrest

London – British Prime Minister Liz Truss He resigned on Thursday after only six weeks in office, after a disastrous and rapidly falling economic plan led to the sending of pound sank And her government is in disarray.

After he was officially appointed by Queen Elizabeth II on September 6Truss is now by far the shortest serving prime minister in British history and will be remembered as one of the most disastrous.

The previous record holder, George Canning, lasted 119 days in the early 19th century; Truss announced her resignation after 44.

A leadership contest is now underway to determine the next leader of the ruling Conservative Party, who will hypothetically become the next prime minister, and will conclude next week. The opposition Labor Party called for immediate elections.

Wednesday, Gears She reassured Parliament during the weekly Prime Minister’s Questions session that she is “a fighter, not a denier.”

But the leadership of a ruling party is possible only with respect and credibility. Truss increasingly had little of either, and quit after only a day.

“I understand that given the situation I cannot provide the mandate on which I elected the Conservative Party,” she said Thursday in a short, unrepentant letter outside 10 Downing Street.

“So I spoke to His Majesty to inform him that I am resigning as the Conservative Party chairman.”

She concluded the statement by saying: “I will remain prime minister until a successor is chosen.”

Attention is already turning to what will happen next.

There are even calls for Boris Johnson to make a dramatic comeback, just months after he resigned under pressure from his party and the public following a spate of scandals.

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Rishi Sunak, Johnson’s former finance minister, who has pointed out the folly of Truss’s economic plans, is one of the favorites to replace her. He came in second to Gears in the race to succeed Johnson. There is also support in the party for experienced figure Benny Mordaunt, who earlier this week stood in for cogs in Parliament and assured lawmakers that the prime minister was not hiding under a desk.

But with no clear successor waiting in the wings, there may be more uncertain days ahead.

Truss’ departure comes after a night of spectacular scenes in Parliament, as lawmakers decried the government’s strong-arm tactics that allegedly made some of her colleagues cry, and sparked growing calls for her to go from within her own party.

I gathered inside No. 10 Downing Street with Graham Brady, a senior Tory lawmaker who oversees leadership challenges. Brady is probably in a better position than anyone else to judge the support of a leader within the party — and by Thursday morning the picture was clear.

Truss, 47, has promised to transform Britain’s economic fortunes into a low-tax, high-growth country that will unleash its post-Brexit potential.

In practice, “Trussonomics” was a fiasco and would become a political elegy for it.

Its first finance minister, Kwasi Kwarting, announced 45 billion pounds ($48 billion) in unfunded tax cuts, which escalated the cost of government borrowing, emergency intervention from the Bank of England and a reprimand from the International Monetary Fund.

Kwarteng was soon fired, and his successor, Jeremy Hunt, began reversing nearly all of his controversial policies. Despite the transformation, Britain is still dealing with the fallout from this plan, with record inflation and rising mortgage rates.

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