Liz Truss resigned today on thursday, bowing to the inevitable after a tumultuous, short-lived term in which her policies triggered turmoil in financial markets and a rebellion in her party that obliterated her authority.
Making a hastily scheduled statement outside her 10 Downing Street office, Truss acknowledged that “I cannot deliver the mandate on which I was elected by the Conservative Party.”
Hers is the third resignation by a Conservative prime minister in as many years and leaves a divided party seeking a leader who can unify its warring factions. Truss, who said she will remain in office for a few more days while that process unfolds, has been prime minister for just 45 days.
She will become the shortest-serving prime minister in British history.
After less than 2 months on the job and financial chaos over her abandoned plan for major tax cuts for the country’s wealthiest.
She will get £115,000 annual allowance for the rest of her life.
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