After six weeks on the job, UK’s prime minister, Liz Truss, has resigned.
Truss’ departure marks the shortest serving PM in British history. She made the announcement midday Thursday, following a near-open revolt from the Conservative Party.
She said during her speech, “given the situation I cannot deliver the mandate on which I was elected by the Conservative Party.” She also said, “This will ensure that we remain on a path to deliver our fiscal plan and maintain our country’s economic stability and national security.”
Truss enacted controversial economic and tax policies that eventually created financial instability within the island nation. Trussonomics as it became to be known, sought massive tax cuts and increased government borrowing. This created fears of intolerable govt. debt levels, which caused instability within the markets.
According to Truss, her replacement would be chosen through a leadership election. Although those opposing this strategy are calling for a general election.
Sir Kier Starmer, the leader of the Labour Party, said Truss’ departure marks “a chance at a fresh start.”
He went on to criticize the Conservative Party saying it “has shown it no longer has a mandate to govern.” He also said, “the British public deserve a proper say on the country’s future.”
Sir Ed Davey, a Liberal Democrat leader, said ““We don’t need another Conservative prime minister lurching from crisis to crisis. We need a general election now and the Conservatives out of power.”