Liz Truss has announced her resignation as prime minister
Source: BBC
Truss says she cannot deliver mandate she was elected on. Liz Truss is continuing her statement outside Number 10. In front of dozens of reporters she says she came into office at a time of "great economic and international instability". She says she cannot deliver the mandate she was elected on by Tory members and is resigning.
Liz Truss goes on to say that she met with 1922 Committee chairman Sir Graham Brady today. They agreed there will be a leadership election within the next week, adding that she will remain as prime minister until a successor is chosen.
Read more: https://www.bbc.com/news/live/uk-politics-63309400
BumRushDaShow
(129,533 posts)LONDON U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.
Truss was appointed prime minister on Sept. 6, just two days before Queen Elizabeth II passed away after 70 years on the throne.
On Sept. 23, Truss finance minister, Kwasi Kwarteng, announced a so-called mini-budget which began a turbulent period for U.K. bond markets which balked at the debt-funded tax cuts he put forward. Most of the policies were reversed three weeks later by the second finance minister, Jeremy Hunt.
Truss beat Rishi Sunak to become leader of the Conservative Party following the resignation of Boris Johnson on July 7. Sunak is now one of the favorites to replace Truss, along with Hunt, another leadership contender Penny Mordaunt, Defense Minister Ben Wallace and former Prime Minister Boris Johnson.
This is a breaking news story, please check back later for more.
https://www.cnbc.com/2022/10/20/uk-prime-minister-liz-truss-resigns-after-failed-budget-and-market-turmoil.html
rurallib
(62,451 posts)how fucking stupid are they?
BumRushDaShow
(129,533 posts)is that given those choices, that Labour can't come up with someone.
Can you imagine them wanting Boris back???? (I highly doubt it though)
rurallib
(62,451 posts)so why would Labour need to come up with someone.
I think they should just name Larry the cat as party leader.
BumRushDaShow
(129,533 posts)and I did mention (down-thread) how Larry managed to get rid of another fox, post haste!
catsudon
(855 posts)rurallib
(62,451 posts)The King of Prussia
(737 posts)Labour has a leader.
BumRushDaShow
(129,533 posts)brooklynite
(94,740 posts)She WILL step down as PM after another leadership election, which will take a week to complete.
LetMyPeopleVote
(145,599 posts)Grimelle
(219 posts)Does it get sent to a farm lettuce to wither in peace....LMAO
Prairie_Seagull
(3,339 posts)Sky Jewels
(7,143 posts)she has outlasted many an avocado.
edhopper
(33,619 posts)One Month Thatcher
bucolic_frolic
(43,308 posts)Are there any Tory policies that could be enacted? Or are they like conservatives here - with little but mental wet dreams?
jonstl08
(412 posts)The idea of lowering the taxes on the wealthy and recinding a tax increase on corporation seem shortsighted in light of all the suffering the people were going through.
JustABozoOnThisBus
(23,369 posts)there must be fifty ways to leave #10.
Ptah
(33,041 posts)Demnation
(391 posts)Erik the UNred
(50 posts)Remember when Italy was the country that changed prime ministers like socks???
lapfog_1
(29,226 posts)she was elected by a very small number of people from her party.
former9thward
(32,082 posts)So whatever you want to call it, it is what it is.
The King of Prussia
(737 posts)The PM is whoever can command a majority in the commons. Recently a lot of pms haven't taken over following an election win. And nobody voted for Brian.
IronLionZion
(45,535 posts)about 6 weeks
Eugene
(61,957 posts)onetexan
(13,061 posts)IronLionZion
(45,535 posts)onetexan
(13,061 posts)IronLionZion
(45,535 posts)That's you!
onetexan
(13,061 posts)mindfulNJ
(2,367 posts)She got to meet the Queen!
catsudon
(855 posts)from her handshake.
nuxvomica
(12,447 posts)onetexan
(13,061 posts)DinahMoeHum
(21,809 posts)". . .because this nonsense has gone on long enough. . ."
Link to tweet
Tee hee! Another notch for Larry The Cat's scratching post!
This is like, what, the fifth Prime Minister (?) who has come and gone from 10 Downing Street ever since Larry came in 2011.
muriel_volestrangler
(101,368 posts)Cameron was there (since 2010) when Larry arrived in 2011; replaced by May in 2016, who was followed by Johnson in 2019. Each of those can at least say they won an election (2015, 2017 and 2019). Now Truss has come and gone in 2022.
Larry's estimated birth was in January 2007, according to Wikipedia, which means he was alive for the end of Blair's stint, and all of Brown's, too.
DinahMoeHum
(21,809 posts)BumRushDaShow
(129,533 posts)jgo
(925 posts)A Scaramucci is an ambiguous time unit - either 9.5, 10, or 11 days, depending who you ask
A Truss is 44 days
11 for a Scaramucci would be nice, because then 4 Scaramucci's is exactly one Truss.
Marthe48
(17,035 posts)Winston Churchill
Guess the exhortation expired :/
Lonestarblue
(10,085 posts)One might conclude, as an interested outsider, that Brexit has been one of the stupidest moves in history. Yet the voters keep sending delusional politicians to take care of the problems they created in the first placedeliberately! Just like Republicans here. All they know how to do is govern for whatever rich people and corporate heads want. And our Republican voters never learn either because we, too, have 24/7 media extolling the virtues of conservatism. Never mind that conservative policies never accomplish much, if anything, because their most conservative policy is make no changes except to cut taxes for the very wealthy.
cab67
(3,009 posts)muriel_volestrangler
(101,368 posts)Why they chose him, who knows - he was already ill from tuberculosis when appointed, and died of it.
rurallib
(62,451 posts)muriel_volestrangler
(101,368 posts)The system was that MPs voted in rounds, eliminating the candidate with the lowest votes, until just 2 were left, when the paid members (very roughly 100,000) chose between them. Truss was the "not-Sunak" choice, but was distinctly 2nd in the MPs voting. The members, however, thought she was more likely to cut their taxes (though she tried to cut the taxes of the richest - above the salary of the typical member. She didn't campaign on that, of course).
Back in Canning's day, it was sorted out privately among the king and the leading politicians who'd be needed to support the new PM. They apparently didn't think bad health was a problem.
The King of Prussia
(737 posts)George Canning lasted 119 days (I think) then died.
cab67
(3,009 posts)He died after 31 days in office. Truss will have been in for 44 when she officially steps down.
jgo
(925 posts)Here is an update on my previous post - I am proposing a new series of time units, based on base 11
A Scaramucci = 11 days
A Gingrich = 22 days, the length of the government shutdown in 1995-96 that he led
An Olmert = 33 days, the length of the 2006 Lebanon war, after which his popularity fell to 3%
A Truss = 44 days
A Karzai = 88 days, the amount of time it took this corrupt politician to be installed after the first US-Afghan "war"
AllaN01Bear
(18,437 posts)jonstl08
(412 posts)They should have known trickle down economics have never worked and will never work.
underpants
(182,893 posts)area51
(11,922 posts)the Truss is gone.
And about her comment, "great economic and international instability", it was Truss that was the cause of this.
Ford_Prefect
(7,921 posts)patphil
(6,216 posts)Congratulations Liz Truss! You've become the shortest lived Prime Minister in GB history...by a lot.
Previous record was Sir Alex Doiuglas-Home, who lasted 1 year and 1day.
At least you achieved something noteworthy in your term. It will be hard to top your record of near instant fall from grace.
CaptainTruth
(6,602 posts)Hekate
(90,829 posts)Martin Eden
(12,875 posts)Warpy
(111,355 posts)when economies are humming along, war or no war.
Conservatives in the UK have simply run out of gas. In the US, they've run out of gas and gone crazy. They need to go out of power for a few decades to lick their wounds and plan to repackage the same old bullshit so they can ruin other decent economies.
PortTack
(32,796 posts)Tax policies. When you lose someone like that there isnt much hope.
The King of Prussia
(737 posts)LetMyPeopleVote
(145,599 posts)Aussie105
(5,436 posts)Fix all the things that are wrong, and do it now.
Any missteps, and you are toast!
Never was going to end well, Liz.
Next person will face the same job requirement.
artemisia1
(756 posts)has had no opportunity to get her sea legs and, additionally, there have been too many -- often from her own freakin' party! -- who not only wanted her to fail, but helped trip her up. I can be on the opposite side of the fence politically and recognize a raw deal when I see one. Sorry. Flame on..
muriel_volestrangler
(101,368 posts)The tax cuts for the rich weren't mentioned when she ran for leader. She sacked the civil servant in charge of the Treasury (who might have been able to persuade her to take things slowly when the world economy is in a bad state), refused to allow the independent Office for Budget Responsibility to assess the proposals, and just surprised the markets instead. They took a look, decided it meant huge borrowing, and stuck up the interest demanded from the UK government - and thus from mortgage holders too. She threw were friend and ideological colleague Kwasi Kwarteng under the bus in an attempt to shift the blame.
She tried to justify it all by saying "growth" repeatedly. But really it was just the discredited trickle-down theory. Then she appointed a rabidly anti-immigrant Home Secretary (in charge of immigration), and, surprise surprise, got in a fight with her when Truss did want some immigration to fill jobs. So the Home Secretary resigned too. And then she couldn't decide if a vote to allow fracking (which would reverse the 2019 Tory election manifesto position) should have been a "confidence vote", and MPs ended up being literally pushed, crying, through the voting lobby.
No PM has done so much to damage themselves.
LetMyPeopleVote
(145,599 posts)larrymoeT
(24 posts)as usual.