• Thu. Sep 28th, 2023

Live updates on the UK political crisis: Liz Truss’s departure on Monday might determine the next prime minister

ByJosh Taylor

Oct 21, 2022

Liz Truss, the British prime minister, made her resignation impromptu today, six weeks after taking office. The Conservative Party’s leader will remain in office until a successor is chosen, the British prime minister declared.

On Friday, a number of British legislators, including former Prime Minister Boris Johnson, were seeking support ahead of a brief but contentious election to succeed Liz Truss as the nation’s leader. Truss resigned on Thursday following a contentious 45-day stint, admitting she was unable to carry out her objectives for economic growth and tax reduction.

A new leader of the Conservative Party, who will also serve as prime minister, will be selected within a week thanks to a sped-up election process. The bookmakers’ favourites include Johnson, who was forced to leave by the party just over three months ago after being embroiled in problems over his ethics and money, as well as former Treasury chief Rishi Sunak and House of Commons leader Penny Mordaunt. It would be an amazing resurrection if he came back.

The search for a new UK prime minister has begun following Truss’ resignation. Although Boris Johnson was mentioned in several media sources as a potential candidate, Rishi Sunak and Penny Mordaunt are the most likely rivals.

According to BBC News, there can only be a maximum of three candidates since those who wish to run for office will require the backing of at least 100 Tory MPs.

Truss became Britain’s fourth prime minister in six years after being elected in September by the Conservative Party’s members, not by the general public, and with support from only about a third of the party’s lawmakers.She ran on a platform of deregulation, tax cuts paid for by borrowing, and a sharp swing to the right on social and cultural issues.

After their plans for substantial unfunded tax cuts damaged the pound and British bonds last week, she was forced to sack her finance minister and closest political ally, Kwasi Kwarteng, and repudiate practically all of her economic programme. She was appointed on September 6. The support for the Conservative Party and her fell precipitously.

Candidates have a few days to obtain the support of MPs following Liz Truss’ sudden resignation as UK prime minister with 45 days left in her term. When the nomination period concludes on Monday at 2 p.m., candidates must have the backing of at least 100 MPs to be taken into consideration.

Penny Mordaunt and Rishi Sunak are believed to be rivals even though no one has formally declared their candidacy. Boris Johnson’s allies decline to confirm or deny rumours that he is thinking about running for office. Truss made her resignation as prime minister official on Thursday. She claimed she couldn’t keep her campaign promise when speaking outside Downing Street.

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