On Thursday in London, Prime Minister Liz Truss announced her resignation by leaving No. 10 Downing St. Getty Images/Rob Pinney remove caption
switch to caption Getty Images/Rob Pinney On Thursday in London, Prime Minister Liz Truss announced her resignation by leaving No. 10 Downing St.
Getty Images/Rob Pinney ENGLAND — Following weeks of criticism from her detractors and members of her own Conservative Party, as well as the departure of two of her top Cabinet nominees, British Prime Minister Liz Truss has announced her resignation.
Truss declared that she would continue in her position as premier until a replacement was found. She predicted that a leadership election would be finished in the following week.
She stated that even though she was elected with a mandate for change at a time of extreme economic turmoil, “I understand though I cannot deliver the mandate.”
She made a few brief statements outside the London mansion of the prime minister to announce her resignation.
Truss is one of the short-serving premiers in British political history, holding the position for barely six weeks. She made a number of critical errors that led to the abandonment of a large portion of the political platform she had articulated during her run for leader due to the financial markets’ extremely negative responses.
Together with her friend and political ally Kwasi Kwarteng, Truss had run for government with the promise of lowering taxes and utilizing ‘trickle-down economics’ to jump-start the nation’s economic growth. However, when Kwarteng presented significant tax cuts to the legislature along with new expenditure plans aimed at shielding consumers from rising energy prices, the value of the nation’s currency fell and the cost of borrowing money from the government skyrocketed.
Because of this, it appeared as though British mortgage rates would skyrocket, and business import costs would also increase. As a result, Truss was forced to gradually change her plans over several weeks until she eventually fired Kwarteng and appointed Jeremy Hunt as finance minister in place of him.
A senior cabinet member, interior minister Suella Braverman, was also forced to resign for sending a sensitive document from a personal email account as opponents within and outside of her Conservative Party began calling for Hunt’s resignation. Within days, Hunt had almost entirely scrapped the rest of Truss’ economic program. She seemed to accuse Truss of not engaging in “real politics” in her resignation letter, which voiced concern over “the direction of the government.” One of the Conservatives Truss had booted out of her cabinet just six weeks earlier when she gained government was replaced by Braverman.
Truss declared to parliament on Wednesday that she was a “fighter, not a quitter” despite mocking questions from her main political rival, Labour leader Sir Keir Starmer, and jeers from opposition MPs.
A few hours later, frantic attempts to persuade Conservative lawmakers to endorse fracking—another important part of her leadership platform—ended with charges that members had been coerced by her supporters into supporting her government. Truss announced that she would be leaving her job early on Thursday.
Early in September, Truss took over as prime minister in lieu of Boris Johnson. After a slew of scandals caused questions about Johnson’s character, his party forced him out.