Liz Truss announced her resignation as Prime Minister on October 20, making her the shortest serving Prime Minister in history. The leadership election that ushered her into office took two months, involved multiple voting rounds among members of the Conservative Party before the finalists competed.
The shock departure comes following a political storm over her mini budget. Much of the budget had to be scrapped after a political backlash, and her Chancellor was fired. Last night another major cabinet minister, the Home Secretary, also quit.
“I recognise though given the situation I cannot deliver the mandate on which I was elected by the Conservative Party,” Truss said in her announcement.
Truss’ resignation outside Downing Street, was due to the evaporation of her political authority, which triggered market crashes, followed by the loss of two key ministers, and eventually losing the confidence of majority of her own MPs.
UK prime ministers that could replace Liz Truss are Rishi Sunak, Penny Mordaunt, Jeremy Hunt, Ben Wallace, Boris Johnson or Suella Braverman.