Thursday, October 20, 2022

Liz

Why Liz Truss resigned as U.K. prime minister: A guide to the chaos - The Washington Post

Why Liz Truss resigned as U.K. prime minister: A guide to the chaos

Liz Truss lasted just 44 days as British Prime Minister. Here are the (few) highlights. (Video: The Washington Post)

LONDON — After 44 days as prime minister, the majority of which was spent clinging on for her political life, Liz Truss announced Thursday that she is resigning. Now she is set to become the shortest-serving occupant of Downing Street in 300 years of British history.

A disastrous series of self-inflicted wounds — which turned into a political death spiral — began with a misfired attempt by the Conservative Party leader to radically reorient the government’s economic agenda by slashing taxes without saying how the decision would be paid for. It sent the markets reeling, and Truss never recovered.

Truss announces resignation after six weeks in office

By the end, Truss had grown so unpopular that her fellow party lawmakers were publicly contemplating plans to replace her.

Let us walk you through what happened.

Liz Truss’s resignation

The latest: British Prime Minister Liz Truss announced her resignation Thursday after just 44 days in office, making her the shortest-serving prime minister in British history. Follow our live coverage.

Why did she resign?: Truss came to office with a vision for a low-tax, small government state. Since she took office Sept. 9, her grand financial plan tanked the British economy and politicians from the ruling Conservative Party called on her to quit. According to new polling released Tuesday, only 10 percent of the country viewed Truss favorably.

The search for a new prime minister: The bitterly divided Conservative Party will vote on who will replace Truss. Truss said that there would be a leadership election to replace her “to be completed within the next week.” She said that she would “remain as prime minister until a successor has been chosen.” These are the most prominent contenders. to replace Truss.

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