Just in: Prime Minister Liz Truss Resigns Due to Failed Economic Program

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The news of the resignation of London’s Prime Minister, Liz Truss, has undoubtedly caused an uproar in London, and in the world at large. Liz announced on Thursday that she was resigning as British Prime Minister barely six weeks after she was appointed, as a result of a failed economic plan which she tagged a situation that would not let her deliver on the mandate of the Conservative Party. Speaking outside her Downing Street office, Truss was heard to have accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.

A leadership election will be conducted within the coming week to find a replacement for Truss, who has made history as the shortest serving prime minister in Britain. George Canning previously held the record, serving 119 days in 1827 when he died. Her words: “I recognise 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”.

Earlier, Conservative Party officials had gathered at Downing Street while a growing number of her own lawmakers called on her to quit. Prior to her resignation on Wednesday, she lost the second of the government’s four most senior ministers, was ridiculed and laughed at as she tried to defend her record to parliament and saw her lawmakers quarrel openly over policy, deepening the sense of chaos at Westminster.

New finance minister Jeremy Hunt on the other hand is busy trying to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain’s fiscal reputation as the economy heads into recession and with inflation at a 40-year high. What will be the fate of Britain with inflation lurking in the corner? Will Jeremy Hunt succeed? Who will be the next Prime Minister? Stick around here for more updates.

 

 

 

 

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