Liz Truss became the shortest serving prime minister in British history after she quit just six weeks after being appointed ⬇️
The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will now elect a new leader by Oct. 28 - Britain's fifth prime minister in six years., but could also see the return of Boris Johnson, who was ousted as prime minister in July when his ministers resigned en masse to force him out of office.
Truss was elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers. But within weeks she was forced to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and sent British borrowing costs and mortgage rates soaring.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis.
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