UK Prime Minister

More than a dozen parliamentarians from Liz Truss' Conservative Party had called for her resignation amidst nationwide economic challenges.

Good journalism costs a lot of money. Her resignation comes after she met the chairperson of the 1922 Committee of backbench as calls for her resignation intensified. She noted she had notified the British monarch, who is the head of state, of her resignation as Tory leader.

Her time in office has been dominated by market chaos prompted by the mini-budget that was announced by former chancellor Kwasi Kwarteng last month.

Her time in office has been dominated by market chaos prompted by the mini-budget that was announced by former chancellor Kwasi Kwarteng last month.

Truss' resignation, coming after only 44 days in office and barely six days after she fired Finance Minister Kwasi Kwarteng, makes her the shortest-serving ...

I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.” While Conservative Party rules prevent a challenge in the first 12 months of a new leader’s tenure, it was reported that a significant number of MPs had written to Sir Graham Brady, chair of the 1922 committee, to make clear they had lost confidence in the PM. In a statement read outside Downing Street, Truss said: “I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party.

Truss is the fourth prime minister to resign since the Brexit vote of 2016. That's the fastest turnover in a century. No. 10 Downing Street has effectively ...

[Patrick Dunleavy](https://www.lse.ac.uk/government/people/emeritus-academic-staff/patrick-dunleavy), emeritus professor of political science and public policy at the London School of Economics, says flaws in the U.K.'s system of government and the way the Conservative Party chooses its leaders have also contributed to the ongoing turmoil. "It's a fantasy that many Brits are willing to believe, that because of our supposedly glorious past, we're also entitled to an equally glorious present or future," says Bale, whose new book, The Conservative Party After Brexit, comes out in March. Truss replaced Johnson in September, promising to kick-start the economy with tax cuts for corporations and the rich without reducing public spending. Tim Bale, a professor of politics at Queen Mary University in London, says one reason Tory prime ministers such as Johnson and Truss have flamed out is because they promised the public things they can't deliver. In another major miscalculation, she called a snap election in 2017, only to lose her party's control of the House of Commons. His government's slow response to COVID led to more than 200,000 deaths — the highest toll in Europe — and drew heavy criticism. The party then turned to Johnson, the charismatic if deeply flawed showman who had a track record of winning elections. While Johnson's government ruled out social gatherings to limit the spread of Covid, government staff held parties. Cameron hoped the vote in 2016 would end a civil war inside his own Conservative Party on Britain's relationship with Europe and keep the party in power. Johnson led the party to a landslide victory in 2019. That's the fastest turnover in a century. What's the matter with Britain?

British Prime Minister Liz Truss on Thursday announced her resignation just six crisis-filled weeks after taking office, becoming the shortest-lived premier ...

We have agreed that there will be a leadership election to be completed within the next week. ‘I recognise though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. ‘I was elected by the Conservative Party with a mandate to change this – we delivered on energy bills and on cutting national insurance.

British Prime Minister, Liz Truss, has announced she will stand down as leader of the Conservative Party, just six weeks after she was appointed, after her.

I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” she said. We need a general election — now,” the opposition leader said in a statement. Speaking outside her Downing Steet office on Thursday, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.

The British Prime Minister, Liz Truss, has said that she resigned because she could not deliver the mandate on which she was elected.

She said in her resignation speech outside Downing Street on Thursday. Truss replaced Boris Johnson as leader and became PM on September 6 but resigned 45 days later.

In his reaction, opposition Labour leader, Sir Keir Starmer, who called for an immediate general election, said: ”The Conservative Party has shown it no longer ...

The pound at one point hit an all-time low against the US dollar, falling to almost $1.03. Graham Brady, leader of the so-called 1922 Committee, which represents rank-and-file Conservative Members of Parliament, said. “Although the resignation of Liz Truss as Prime Minister leaves the UK without a leader when it faces huge economic, fiscal and financial market challenges, the markets appear to be relieved,” said Paul Dales, chief UK economist at Capital Economics. But the dismantling of Truss’ flagship economic package to placate investors spelled the end of her premiership. Families and businesses were worried about how to pay their bills. A revolt among members of Liz Truss’ Conservative Party sealed her fate as the shortest-serving prime minister in Britain’s history.

The 15-year-old tabby is the Chief Mouser of No. 10 Downing Street, where Britain's prime ministers both work and reside. Larry has been in the post since ...

government website.](https://www.gov.uk/government/history/10-downing-street#larry-chief-mouser) His presence at 10 Downing Street often leads to brief appearances in historical moments — including taking a nap underneath a limo that [extended Donald Trump's visit in 2019](https://www.npr.org/2019/06/04/729737464/larry-the-cat-takes-a-nap-extends-president-trumps-visit-to-10-downing-street). [outside the entrance](https://www.bbc.com/news/uk-politics-12265112). I'll be here long after they're both gone." "It's neither. Larry outlasted prime ministers David Cameron, Theresa May, Boris Johnson and, as of Thursday,

Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic programme shattered the ...

The face of the 2016 Brexit campaign has loomed large over politics since he became London mayor in 2008. Organisers said that any candidate would need the backing of 100 lawmakers, and that if only one candidate passes that threshold by 2 p.m. One of the most contentious issues facing the Conservatives is how they elect a new leader, after the party’s 170,000 members chose Truss over the wishes of its elected lawmakers at Westminster. “So (it’s) right and proper she should go.” Asked if the party could rebuild its reputation from this point, he added: “Never in a million years.” Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct.

As Liz Truss resigned as the United Kingdom Prime Minister on Thursday, a new leadership contest will take place within a week.

With 105 votes from MPs in the last election, she too is expected to clear the new threshold. Former PM Theresa May has also been tipped as a possible “unity” candidate to succeed Truss. Suella Braverman’s resignation as home secretary on Wednesday may have been an antecedent to a possible leadership bid. Although Truss eventually won the decisive members’ vote, Sunak only lost narrowly – with 43% of the vote. He looks like the favourite having warned Truss about her unfunded tax cuts saying it would be disastrous for Britain. One of his closest allies, on Thursday, said: “Socialists will destroy our economy and if you don’t understand that then I genuinely fear for our future.

With Liz Truss out, contenders face a Monday deadline to get the backing of at least 100 Conservative Party lawmakers.

If there is more than one, the hopefuls will be whittled down before the final two are put forward to the 170,000 members of the Conservative Party. Many at the time speculated it could be a ” the Financial Times In 2019, Johnson helped his party to a whopping great win in the general election. But her “PM4PM” supporters are seeking to change that, pointing out that she polls better with the all-important Conservative Party members than Sunak. They point out that during the last contest his candidacy received the most support from his colleagues and say that many of his economic ideas turned out to be prescient. It’s possible that, given the high bar, only one candidate will be put forward by Monday at 2 p.m., which is when the nominations close. His time in office was marked by scandal after scandal and voters and his own colleagues were upset by his refusal to accept accountability. It is not certain if anyone else could galvanize the population to the same extent — or if Johnson himself even still can. The Telegraph, the Sun and the Daily Express all put on Johnson for their front page, while the left-leaning Mirror just called for a general election “now” in enormous print. Or might someone else emerge as the leading hopeful to become the next Conservative Party leader? Or Penny Mordaunt, who is not widely known but polls well with the Conservative Party members?

Following the resignation of Liz Truss as Britain's fourth prime minister in a little over six years, her Conservative party — in power since 2010 — is ...

But in her public resignation letter, she seemed to sharply criticize Truss for not engaging in "serious politics" and for failing to take responsibility for her government's mistakes, including the tax and spending proposals that had roiled financial markets in recent weeks. That left her responsible for police, the criminal justice system and immigration, and had already earned a hard-line reputation as a hawk on immigration. Sunak was Johnson's high-profile and largely popular finance minister during the pandemic, but lost out to Truss in the race to replace him. In that role he took unprecedented action to support Britain's economy during the pandemic, with months-long programs to replace workers' wages and incentivize consumer spending. To the amusement of many, in recent weeks and advocated vociferously for a controversial policy that would send asylum-seekers arriving in Britain to the African nation of Rwanda for their claims to be processed there. That is designed to avoid a repeat of the earlier, drawn-out His statements to that effect were largely vindicated when financial markets reacted He stepped down under a tidal wave of pressure when dozens of members of his own government quit. But Johnson retains supporters inside the parliamentary party and among ordinary grassroots members. as home secretary — under Truss' premiership. Some critics have said they will leave the party if he returns.

Former British prime minister Boris Johnson may soon head the British government once again just four months after resigning in July following a series of ...

Prime Minister Liz Truss Resigns After 6 Turbulent Weeks In Office](https://www.forbes.com/sites/roberthart/2022/10/20/uk-prime-minister-liz-truss-resigns-after-6-turbulent-weeks-in-office/?sh=3d4d53ff640e) (Forbes) [‘A Fantastic Mess’: Here’s How Much U.S. Stocks And Bonds Cratered During Liz Truss’ Tenure](https://www.forbes.com/sites/dereksaul/2022/10/20/a-fantastic-mess-heres-how-much-us-and-uk-stocks-and-bonds-cratered-during-liz-truss-tenure/?sh=3f1d85201fbf) (Forbes) [Could Boris Johnson really make a comeback?](https://www.bbc.com/news/uk-politics-63342114) (BBC) [Race for British prime minister is on (again) after Liz Truss quits](https://www.washingtonpost.com/world/2022/10/21/uk-pm-race-sunak-mordaunt-boris/) (Washington Post) [U.K. That sent global bond and stock markets spiraling as confidence in the U.K.’s ability to pay back debt dwindled. 10-year bond yields climbed to their highest levels since the late 2000s during Truss’ tenure, while major London and New York stock indexes fell about 5%. Her predecessor Johnson similarly stepped down under humbling circumstances, with his three-year tenure rocked by several scandals, including the “Partygate” saga in which Johnson broke his own Covid-19 stay-at-home mandates by hosting parties with other Conservative officials at the prime minister’s residence, 10 Downing Street.