British Premier Liz Truss resigns
Liz Truss has resigned as British Prime Minister.
Truss threw in the towel just six weeks into the job amidst an economic programme that shattered investor confidence and enraged much of her Conservative Party.
Speaking outside the Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week.
That will make her the shortest-serving British premier in history.
On Wednesday, Truss told a charged parliament that she was a “fighter and not a quitter” but admitted today, Thursday, October 20 that she could no longer deliver on the promises that won her the Conservative leadership, Reuters reported.
“I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent,” she was quoted by Reuters.
A new leadership election will be completed by next Friday, Oct. 28 with former finance minister Rishi Sunak and Penny Mordaunt, a former defence minister among those expected to succeed Truss.