Thursday, October 20, 2022

Truss Out!

Liz Truss becomes the shortest reigning prime minister in British history. 

She gone!

Liz Truss was the last Prime Minister to see Queen Elizabeth II before her death, first to meet King Charles III upon his succession and possibly the first in British history to resign less than two months into the term. She met President Joe Biden, Vice President Kamala Harris, Canada's Prime Minister Justin Trudeau and numerous world leaders. But in this short term, she could not convince the noise that austerity won't work.

Truss announced her resignation Thursday in a short statement outside her office at 10 Downing Street.

“I cannot deliver the mandate on which I was elected by the conservative party,” she said.

She said she informed King Charles she would resign, but plans to remain prime minister until a successor has been chosen.

It was straight up sexism. The moment she took office, sexism. She could not muster an economic plan to starve off a global recession. 

Brits frustrated with inflation and the far right's solution to it is cut back spending.

Her announcement came after her attempt to roll out aggressive tax cuts aimed at spurring economic growth but which dramatically roiled financial markets, led to unprecedented central bank intervention and drove her poll ratings to the lowest ever recorded for a prime minister.

Truss had a rough ride with her party and the king.

Truss, 47, lasted 44 days in office. Because Britain elects a party, not a specific leader, she will be replaced by another lawmaker from her ruling Conservative Party. The process to replace Truss will take place within the next week. 

Truss will remain as prime minister until then.

"I came into office at a time of great economic and international instability," Truss said in in a brief statement outside No. 10 Downing Street. "I recognize, given the situation, I cannot deliver the mandate to which I was elected by the Conservative Party."

Truss's resignation comes after several weeks of political chaos. 

She fired Kwasi Kwarteng, her close ally and finance minister, on Oct. 14, even though he was implementing the pro-growth economic policies she campaigned on.

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