Liz Truss, the Prime minister of the United Kingdom resigns from her office after six weeks of tenure on Thursday amid the political turmoil in her government, Wire Examiner reports.
Truss hailed her achievements during her brief term as Conservative Party leader during a speech at 10 Downing Street on Thursday, but she admitted that her position as Conservative Party leader had become untenable and that she would quit.
Liz Truss steps down, where her short term began two days before Queen Elizabeth II’s death, was marked by a sequence of disasters precipitated by her mini-budget plan, which was laden with unfunded tax cuts for businesses and high-income individuals.
As a result, Liz Truss steps down, and the speculators shorted the British currency, forcing the Bank of England to intervene to prevent the pound from falling below the value of the US dollar.
Shortest tenure of Prime Minister
Liz Truss becomes the UK’s shortest-serving prime minister in history. She has been in the position for 44 days, having been appointed on September 6. She will now leave Downing Street at the end of next week.
George Canning, the previous shortest-serving UK prime minister, served for only 119 days in 1827.
Sir Alec Douglas Hume, who lived in Downing Street for one year and one day between 1963 and 1964, was the modern-day prime minister with the shortest tenure.
Sir Keir Starmer calls for early elections
Following Liz Truss’ resignation, Sir Keir Starmer has called for an emergency general election.
“The Conservative Party has demonstrated that it no longer has the mandate to rule,” said Labour leader Jeremy Corbyn.
The British people deserve so much better than this revolving door of catastrophe after 12 years of Tory failure. The Conservatives have set new records for taxation, destroyed our institutions, and caused a cost-of-living catastrophe in recent years. They have now destroyed the economy so terribly that consumers are facing £500 monthly mortgage increases. It will take years to repair the harm they have caused.
“Each of these crises was created in Downing Street but funded by the British people.” Each has left our country weaker and in worse shape.