Monday, June 5, 2023

UK Prime Minister Liz Truss Resigns After Stunning 44 Days in Office

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Newly appointed British Prime Minister Liz Truss resigned her position following an economic plan many described as disastrous.

Truss spent only a month and half in office following her official appointment by Queen Elizabeth II on September 6.

Key points

  • Her new mini budget plunged the British pound. Though she reversed it and appointed a new chancellor, she faced opposition within her party and the economic market as UK grapples with inflation.
  • She is now the shortest-serving prime minister in British history.
  • She will remain on as PM until the Conservative Party selects a new party leader next week.
  • She served under former PMs Theresa May and Boris Johnson in various capacities. After Johnson resigned, she was the favourite to replace him.
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