Liz Truss, the leader of the Conservative Party, announced her resignation a month and a half after taking over as the Prime Minister of the United Kingdom. He announced his resignation in an address to the nation in front of No. 10 Downing Street at noon today, London local time.
Liz Truss said she had already told King Charles to step down as leader of the Conservative Party. In a speech to dozens of reporters, Liz Truss said she came into office as prime minister at a time of great turmoil in the economy and the international arena. However, he has not been able to fulfill the promises he made as leader of the Conservative Party and Prime Minister.
Liz Truss said she met Sir Graham Brady, chairman of the party's 1922 committee, today. There was consensus on electing a new leadership by next week. He will serve as Prime Minister till then.
Boris Johnson was forced to leave the post of Prime Minister of the United Kingdom after being involved in various scandals including partying at home amid the Corona restrictions. Liz Truss, the foreign minister in the Boris government, was elected party leader by a vote of Conservative Party members. He took over as Prime Minister on September 6. His resignation came after 45 days.
According to the BBC, Liz Truss is the shortest-serving Prime Minister in UK history. His prime ministerial tenure is only 45 days. Prior to this, George Canning was the shortest Prime Minister, in 1927 he was in charge for only 119 days.
The Lease Truss crisis began on September 23 after his government's first finance minister, Kawasi Kwarteng, presented a brief budget. The announcement of tax cuts in that budget caused volatility in the UK market. The value of the British pound falls. Kawasi Kwarteng was then removed as finance minister by Liz Truss. However, the leaders of the Conservative Party continued to demand his resignation.
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