UK Political Crisis Deepens After Truss' Resignation

By IndraStra Global News Team

Cover Image Attribute: Britain's Prime Minister Liz Truss delivers a speech outside 10 Downing Street in central London on October 20, 2022, to announce her resignation. / Source: Rafa de Miguel, El Pais
Cover Image Attribute: Britain's Prime Minister Liz Truss delivers a speech outside 10 Downing Street in central London on October 20, 2022, to announce her resignation. / Source: Rafa de Miguel, El Pais 

On October 20, United Kingdom Prime Minister Liz Truss dramatically announced her resignation six weeks after taking office; "This morning, I met the chairman of the 1922 Committee, Sir Graham Brady. We’ve agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security." 

During her address, Truss conceded that she could not deliver the mandate on which she was elected; "I recognize that given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party."

She is the third Conservative prime minister to resign in as many years and leaves a divided party seeking a leader who can unify its warring factions. However, speaking in Downing Street, the UK PM said she would stay on as prime minister until a successor is chosen to serve as Tory leader.

Penny Mordaunt, the current leader of the House of Commons, and Rishi Sunak, a former chancellor, are just two of the names that have been making rounds about as possible candidates for the position of Prime Minister of the UK. But, so far, no MPs have publicly confirmed they are running.

When their respective parties tried to decide whom to succeed Boris Johnson, Sunak and Mordaunt ran against Truss as a candidate. Johnson has also anticipated that he will be in line to be the next Prime Minister.

Reactions


British journalist Rashmee Roshan Lall writes, "In resigning just six weeks into the job, ex-British PM Liz Truss has set a record and achieved something that only ever happens with the best and the worst. She will forever after be enshrined in a pub quiz – a popular British pastime – a question as the shortest-serving PM in British history. At a mere 44 days in office, Truss has beaten the record of George Canning, who died in 1827 after 119 days in the job." She further adds, "She has also managed the singular distinction of using her brief premiership to accomplish a remarkable list of items: trashing Britain's reputation for overall political prudence and economic steadiness, which had survived despite the chaotic spiral triggered by the 2016 Brexit referendum."

According to John M. Roberts, a nonresident senior fellow with the Global Energy Center and senior partner with energy consultancy Methinks Ltd, "It was the markets that destroyed the Truss administration after her chancellor’s disastrous mini-budget was released on September 23. Markets hate instability, and there are still eleven days to go before Kwarteng’s replacement, Jeremy Hunt, is due to deliver his major financial statement. Hunt, who was himself a serious contender to take over from Truss but who has now said he will not stand, has already undone almost all of the Kwarteng mini-budget."

In his own words, Sir Keir Rodney Starmer said“After 12 years of Tory failure, the British people deserve so much better than this revolving door of chaos. In the last few years, the Tories have set record-high taxation, trashed our institutions, and created a cost-a-living crisis. Now, they have crashed the economy so badly that people are facing £500 a month extra on their mortgages. The damage they have done will take years to fix.”

Meanwhile, British comedian Ricky Gervais took to his social media handles and attempted to lighten people's moods. He posted an image of himself hilariously superimposed outside the Downing Street residence, telling jokes. Not just this, but also beer was seen at his podium. He can be seen laughing in the image and pointing at someone in the audience. 

Image Attribute: Ricky Gervais posted an image of himself hilariously superimposed outside the Downing Street residence. (Image: Instagram/@rickygervais)

Image Attribute: Ricky Gervais posted an image of himself hilariously superimposed outside the Downing Street residence. Source: Instagram/@rickygervais)

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IndraStra Global: UK Political Crisis Deepens After Truss' Resignation
UK Political Crisis Deepens After Truss' Resignation
By IndraStra Global News Team
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