The announcement was made by herself in a short statement to the press, released in Downing Street. She had succeeded Boris Johnson a little over a month ago.
Liz Truss, Britain’s prime minister, resigned. The announcement was made by herself in a short statement to the press, released in Downing Street. She had succeeded Boris Johnson a little over a month ago. Ore will remain in office until the Conservatives elect a new leader. “I took office at a time of great economic and international instability, families and companies were worried about how to pay their bills,” said Truss, stressing that she was elected “with the mandate to change this”, but acknowledging “not to be able to carry out the mandate “. She has therefore already communicated her intentions to King Charles.
Truss leaves after just six weeks in Downing Street. Precisely 44 days. The last few hours had been particularly turbulent and resignation was in the air. According to what she pointed out, the Conservatives will elect a new leader within the next week.
What happens now
Thus begins the post-Truss race. Today the resigning premier received Sir Graham Brady, chairman of the influential 1922 committee of conservative parliamentarians, and her closest allies, Deputy Prime Minister Therese Coffey and Tory President Jake Berry. British Conservatives continue to be deeply divided and it is not yet clear who they will choose as their new leader: the most eligible names at the moment remain those of former Chancellor Rishi Sunak, Penny Mordaunt and current Chancellor of the Exchequer, Jeremy Hunt. But he would have commented that he was not available.
Why Truss resigned
The outgoing government comes from days of chaos. After the disaster of the mini-finance in September (a catastrophic fiscal policy that caused the pound to collapse on the market), Kwasi Kwarteng, one of his main allies, was forced to step back, and was replaced by the moderate Jeremy Hunt. After the Treasury, it was the turn of the earthquake inside: Suella Braverman, the minister who wanted to leave planes full of asylum seekers for Rwanda, and who recently resigned.
“Welcome to Britaly“, reads the cover of the Economist. Who writes: “The compriso to Italy is inevitable. Great Britain is hobbled by political instability, low growth and subordination to the bond markets. Welcome to Britaly.“