Liz Truss has resigned as UK's Prime Minister just 6 weeks after taking charge. Truss was in power for just 45 days, which is the shortest term for a British PM. Truss has admitted that she cannot deliver the mandate on which she was elected by the Conservative Party. Her economic programme by slashing taxes without saying how the decision would be paid for had sent shockwaves through the markets and divided her conservative party just weeks after she was appointed.
By the end, Truss had grown so unpopular that her fellow party lawmakers were publicly contemplating plans to replace her. Therefore, she was wise to resign on her own after a chaotic six weeks in office rather than being sacked by her Conservative Party and also after knowing her approval rating fell to the lowest of any British prime minister in decades as the markets balked at her plan to lower taxes and raise spending. The Bank of England intervened to restore order in the financial markets following a furious selloff of U.K. debt in response to the plan.
The sacking of her Finance Minister Kwarteng, the resignation of Home Secretary Suella Braverman and the suspension of Truss’s top aide, Jason Stein have really made Truss’s political life became very dramatic and very messy to manage her team.
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