Liz Truss resigns after six weeks - is this the shortest Prime Ministership in history?
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After only six weeks in office, Liz Truss announced her resignation on Thursday, reasoning that her economic plan had shaken investor confidence and antagonised many members of her Conservative Party.
Truss, speaking outside her Downing Street office, said she had lost the support of her party and announced that she would resign as Prime Minister next week, making her the United Kingdom's shortest-serving Prime Minister ever.
Truss admitted to the swarm of reporters in Downing Street that she had come to realise that she could no longer deliver on the campaign promises that had won her the Conservative leadership, despite her earlier declaration that she was a 'fighter and not a quitter'.
'I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,' she announced.
Ms Truss began her resignation speech by saying she came to power 'at a time of great economic and international instability'.
She went on to say that the UK had been 'held back for too long by low economic growth' and that she was elected by her party to change this. 'I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative party.'
![Screen Shot 2022-10-21 at 2.40.48 PM.png Screen Shot 2022-10-21 at 2.40.48 PM.png](https://seniorsdiscountclub.com.au/data/attachments/7/7602-561ad73674278defe49f8604784fc3c3.jpg)
Early in September, when the cost of living issue was at its worst, she rode to a resounding victory in the Conservative Party's leadership race by appealing to grassroots supporters with a promise to cut taxes and assist families in paying their energy bills.
But after the Covid pandemic, which caused the government to borrow more money than ever before, the markets did not like her promise to borrow more money to pay for her expensive policies.
Thursday photos and videos from news outlets show her standing alone with her husband, without any of her trusted advisors or cabinet members in sight.
By the following Friday, October 28, a new leader will have been elected to take her place. Among those who are speculated to run for office are Rishi Sunak (former Finance Minister), Penny Mordaunt (former Defence Minister), and Boris Johnson, the previous Prime Minister himself.
According to various news reports, Boris Johnson, whose resignation as Prime Minister ignited the disastrous chain of events that ultimately brought Ms Truss to her knees, will run for the top position once again.
The former Prime Minister is reportedly in talks with other senior MPs and is convinced that he can restore the party's reputation after weeks of market uncertainty drove the value of the pound down and mortgage rates up.
It seems Mr Johnson is enthusiastic about a second chance as Prime Minister, but will the British public forget the real reason he was fired in the first place?
Surely there must be more to this story than meets the eye, right, folks? What are your thoughts on this news? We would love to hear them in the comments!
Truss, speaking outside her Downing Street office, said she had lost the support of her party and announced that she would resign as Prime Minister next week, making her the United Kingdom's shortest-serving Prime Minister ever.
Truss admitted to the swarm of reporters in Downing Street that she had come to realise that she could no longer deliver on the campaign promises that had won her the Conservative leadership, despite her earlier declaration that she was a 'fighter and not a quitter'.
'I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,' she announced.
Ms Truss began her resignation speech by saying she came to power 'at a time of great economic and international instability'.
She went on to say that the UK had been 'held back for too long by low economic growth' and that she was elected by her party to change this. 'I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative party.'
![Screen Shot 2022-10-21 at 2.40.48 PM.png Screen Shot 2022-10-21 at 2.40.48 PM.png](https://seniorsdiscountclub.com.au/data/attachments/7/7602-561ad73674278defe49f8604784fc3c3.jpg)
Liz Truss speaking during the final day of the Conservative Party Conference. Credit: Jeff Mitchell/Getty Images.
Early in September, when the cost of living issue was at its worst, she rode to a resounding victory in the Conservative Party's leadership race by appealing to grassroots supporters with a promise to cut taxes and assist families in paying their energy bills.
But after the Covid pandemic, which caused the government to borrow more money than ever before, the markets did not like her promise to borrow more money to pay for her expensive policies.
Thursday photos and videos from news outlets show her standing alone with her husband, without any of her trusted advisors or cabinet members in sight.
By the following Friday, October 28, a new leader will have been elected to take her place. Among those who are speculated to run for office are Rishi Sunak (former Finance Minister), Penny Mordaunt (former Defence Minister), and Boris Johnson, the previous Prime Minister himself.
According to various news reports, Boris Johnson, whose resignation as Prime Minister ignited the disastrous chain of events that ultimately brought Ms Truss to her knees, will run for the top position once again.
The former Prime Minister is reportedly in talks with other senior MPs and is convinced that he can restore the party's reputation after weeks of market uncertainty drove the value of the pound down and mortgage rates up.
Key Takeaways
- Liz Truss has resigned as UK Prime Minister after just six weeks on the job.
- She cited her inability to deliver on the promises that had won her the Conservative leadership.
- Boris Johnson seems eager for another shot at the position of Prime Minister.
It seems Mr Johnson is enthusiastic about a second chance as Prime Minister, but will the British public forget the real reason he was fired in the first place?
Surely there must be more to this story than meets the eye, right, folks? What are your thoughts on this news? We would love to hear them in the comments!