After just 44 days in office, British Prime Minister Liz Truss formally resigned today during a press conference outside Downing Street.
formally resigned today during a press conference outside Downing Street. Officially the shortest-serving prime minister in U.K. history, in less than two months in office, the Conservative leader crashed the markets with her “mini-budget,” witnessed the departure of two key ministers, and lost the confidence of the majority of her own party in quick succession.
Speaking outside of Number 10, Truss kept her resignation fittingly brief. “I came into office at a time of great economic and international instability,” she said. “Families and businesses were worried about how to pay their bills. Putin’s illegal war inthreatens the security of our whole continent. And our country has been held back for too long by low economic growth. I was elected by the Conservative party with a mandate to change this.
Truss will remain as prime minister until her successor is chosen, with a leadership election “to be completed within the next week,” she noted. Both Rishi Sunak and Penny Mordaunt are among those expected to throw their hat into the ring as “unity” candidates, while Suella Braverman—whose dramatic resignation as home secretary precipitated Truss’s decline—is believed to be gearing up to position herself as a far-right candidate.
In light of the chaos, opposition parties have called for a general election to be held, with Keir Starmer issuing a statement on behalf of the Labour Party. “After 12 years of Tory failure, the British people deserve so much better than this revolving door of chaos,” he wrote. “In the last few years, the Tories have set record-high taxation, trashed our institutions, and created a cost-of-living crisis.
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