UK Prime Minister Liz Truss has resigned; she spent less than two months in office.
According to a report from Fox News, Truss was facing pressure following a reversal of economic policies that led to economic instability. Earlier this week, Truss claimed she was a “fighter, not a quitter” —but now she plans to step down.
“Given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” Truss said. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.”
From Fox News:
Truss said that a leadership election will take place “within the next week” and that she will stay on as prime minister “until a successor has been chosen.”
Truss’s announcement came soon after Home Secretary Suella Braverman resigned via a letter that slammed the prime minister.
“The business of government relies upon people accepting responsibility for their mistakes,” Braverman said. “Pretending we haven’t made mistakes, carrying on as if everyone can’t see that we have made them and hoping that things will magically come right is not serious politics.”
Braverman, part of the right wing of the Conservative Party, ran for party leader earlier this year, coming up short when Truss won.
Braverman’s exit came days after Truss fired Treasury head Kwasi Kwarteng amid financial turmoil that included the British Pound declining in value to be nearly equal to the U.S. dollar. The problems came after Truss’s administration pushed a tax cut plan in September, which Kwarteng’s replacement Jeremy Hunt scrapped in October.
Truss apologized to lawmakers on Wednesday and admitted she had made errors during her time in office — just six weeks, so far — but insisted that scrapping the tax cut planwas “the right decision in the interest of the country’s economic stability.”
Watch Truss’ announcement above.
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