London: England Prime Minister Liz Truss on October 20 declared that she is resigning from her post. The announcement comes amid mounting pressure to strain, just six weeks into the job after she launched an economic policy that triggered a bond market rout.
With her declaration, Truss is set to be the shortest-serving prime minister in UK history. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party. “I recognize though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” she said.
“This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We’ve agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security.” However, Truss will remain PM till conservatives pick a successor, a process that could likely take a week. Truss has lost her interior minister, Suella Braverman, who quit on Wednesday, less than a week after she fired her finance minister.
Braverman cited “serious concerns” about the government. The final straw for many Tory MPs appeared to be the chaotic scenes on Wednesday, in which a vote on a Labour motion over fracking saw mayhem in the voting lobbies, with shouting and jostling. Afterward, a dozen or more Conservative MPs who rebelled did not even know whether they still had the whip. This came just five days after Truss sacked her chancellor, Kwasi Kwarteng, supplanting him with Jeremy Hunt, the former foreign secretary, and health secretary.