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UK PM Liz Truss resigns

She managed to remain at Downing Street for only six weeks

Newsroom October 20 03:51

British Prime Minister Liz Truss announced her resignation at a speech outside Downing Street Thursday after just six weeks in office.

Truss won the Conservative Party’s vote after her predecessor, Boris Johnson, likewise resigned following several defections from within his own party. Truss’s own records including the resignations of two ministers and a tax plan that sent markets tanking, according to the BBC.

Liz Truss has been in office for just 45 days – the shortest tenure of any UK prime minister. The second shortest serving PM was George Canning, who served for 119 days before dying in 1827.

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In the red the euro markets, plunge for shares in Paris after the resignation of the French Prime Minister

Trouble began when her first Chancellor, Kwasi Kwarteng, spooked the financial markets with his mini-budget on 23 September.

Since then, Conservative disquiet has morphed into widespread anger within the parliamentary party.

Her stepping down today follows dramatic scenes in the House of Commons last night over a vote on fracking. Calls for her to go kept growing in the hours afterwards.

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