Just-In: New UK’s Prime Minister, Liz Truss, Resigns After 44 Days
Daily Metro News NG
British Prime Minister, Liz Truss has announced her resignation from her post after admitting she couldn’t “deliver the mandate on which I was elected.”
Truss will stand down as Conservative leader with immediate effect but she will remain prime minister for another week until her party selects her replacement.
Truss had been on the job for just forty-four (44) days, one of the shortest spells in British political history.
She came under intense pressure after a mini-budget was announced on September 23, introducing billions of pounds worth of unfunded tax cuts.
This led to a loss of market confidence in the U.K’s economy and the value of the pound plummeting.
In response Truss fired Chancellor Kwasi Kwarteng, and reversed most of his tax cuts.