Liz Truss resigns
Islam News – British Prime Minister Liz Truss said that she was stepping down after only six weeks in office, the shortest tenure ever for a British prime minister.
“I cannot deliver the mandate on which I was elected,” Truss said yesterday in brief remarks announcing her resignation outside 10 Downing Street.
For Britain, it is another chapter in the political convulsions that followed its vote to leave the E.U. in 2016. The country will soon have its fifth prime minister in six years.
Truss will remain the Conservative Party leader and the prime minister until a successor is chosen, which is expected to happen next week, but could come as soon as Monday — an extraordinary scramble.
Among the likely contenders to succeed Truss are Rishi Sunak, the former chancellor of the Exchequer; Penny Mordaunt, the leader of the lower house of Parliament; and Ben Wallace, the defense secretary. Some people want Boris Johnson back despite his own messy departure from Downing Street just last month.
Reaction: The British pound and government bond prices inched higher, but the market’s reaction was muted. Britons expressed relief and uncertainty over Truss’s departure as the country faces multiple crises. The opposition Labour Party called for a general election.
Background: Truss’s political viability became tenuous after her proposals for broad unfunded tax cuts caused market turmoil and sent the pound’s value plunging. Her announcement came just days after her new finance minister turned around virtually all of her planned tax cuts, a stark repudiation of her leadership and one of the most dramatic reversals in Britain’s modern political history.
Analysis: World leaders buffeted by economic challenges are closely watching the political crisis, hoping that Truss’s woes won’t be a harbinger for other countries, our London bureau chief writes.