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- UK Political Crisis LIVE Updates: Liz Truss quits after 45 days in office, UK's next PM to be chosen by Oct 28
UK Political Crisis LIVE Updates: Liz Truss quits after 45 days in office, UK's next PM to be chosen by Oct 28
British Prime Minister Liz Truss on Thursday announced her resignation just six crisis-filled weeks after taking office, becoming the shortest-lived premier in UK history. The election to replace Truss as leader of the Conservative Party should take place by October 28, the official in charge said. Stay with TOI for live updates:Read Less
Liz Truss' timeline as UK PM
UK's Liz Truss quits after turmoil obliterated her authority
Making a hastily scheduled statement outside her 10 Downing Street office, Truss acknowledged that “I cannot deliver the mandate on which I was elected by the Conservative Party.”
Liz Truss promised UK a shakeup — but was forced out instead
Liz Truss became prime minister on a promise to open a new era of growth by shaking up Britain's economy. But the tumult that resulted was not exactly what she had in mind: Markets recoiled, the pound currency dived, her party revolted — and, in the end, she announced her resignation just 45 days after taking office.
Dutch Prime Minister Mark Rutte said he had agreed on a range of issues with Truss and noted that her successor would be the fifth British leader he would deal with during his term.
Others expressed hope that the successor would prove a stable partner as Europe faces twin crises of Russia's invasion of Ukraine and record-high energy price.
EU neighbours seek stability from UK after Truss exit
Some EU diplomats have aired a touch of schadenfreude about the political chaos in Britain, which exited the European Union in 2020 with lingering divorce frictions. However, speaking to reporters just before an EU summit as news of Truss's exit broke, leaders expressed sympathy. bn8
Pound, London stocks climb after Truss resignation
The London stock market and the pound bounced on Thursday after British Prime Minister Liz Truss announced her resignation following disastrous policies that rocked the markets for weeks. The pound traded around 0.4 percent higher against the dollar to $1.1273 after Truss ended six tumultuous weeks in power -- but analysts said gains were pared by the ongoing uncertainty. The FTSE 100 index was up 0.1 percent while the country's borrowing costs eased on the news, as the yield on 30-year government bonds, known as gilts, fell to 3.94 percent.
Liz Truss becomes UK's shortest serving Prime Minister ever
Unplanned tax cut packages, Pound's tumble to all-time low, Chaotic Parliament vote and leadership crisis are some of the other crucial points that led to Truss' resignation.
Why Liz Truss was forced to resign six weeks after taking charge as UK PM
Truss appointed loyalists to key jobs rather than reaching out to her opponents. And when, at the last, she tried to stamp her authority on the party, she only provoked its anger.
"The United States and the United Kingdom are strong Allies and enduring friends — and that fact will never change. I thank Prime Minister Liz Truss for her partnership on a range of issues including holding Russia accountable for its war against Ukraine. We will continue our close cooperation with the UK government as we work together to meet the global challenges our nations face."
Joe Biden
Biden: US Britain are strong allies and enduring friends
The United States and Britain are enduring allies and their strong bond will last, U.S. President Joe Biden said after British Prime Minister Liz Truss announced her resignation.
She has described India as a "big, major opportunity" and believes the UK and India are "in a sweet spot of the trade dynamics that are building up."
UK's third female PM leaves office without India trade deal prize
On the India front, the former International Trade Secretary who signed off on the India-UK Enhanced Trade Partnership (ETP) for the Boris Johnson led government in May last year was determined to pursue the ongoing FTA negotiations towards a year-end deadline as a major post-Brexit achievement for the UK.
'Boris Johnson expected to stand in contest to replace UK PM Liz Truss'
UK PM Liz Truss resigns: What now?
A leadership election will be completed within the next week to replace Truss, who is the shortest serving prime minister in British history. George Canning previously held the record, serving 119 days in 1827 when he died.
US to maintain close relationship with UK, White House says
The United States will continue its close relationship with Britain and the successor to British Prime Minister Liz Truss, White House Chief of Staff Ron Klain said on Thursday after the UK leader announced her resignation.
Truss lists her achievements in the 45 day stint
We delivered on energy bills and on cutting national insurance. We have continued to stand with Ukraine and to… https://t.co/wpB7pYhfwP
— Liz Truss (@trussliz) 1666272904000Relations between Paris and London have often been sour as Britain negotiated its divorce from the European Union, and threatened to get worse as Truss courted the hardline pro-Brexit wing of her party.
During her campaign to be elected leader of the Conservative Party, and thus prime minister, Truss famously said that "the jury is out" on whether the French leader was a friend or foe of Britain. But there were also signs of a potential rapprochement on strategic issues, with Truss agreeing to attend the first summit in Prague of the Macron-inspired European Political Community.
