U.K Prime Minister Liz Truss has recently revealed that she is resigning from her position after spending about six weeks in office.
In her resignation speech, Truss disclosed that a contest would take place within a week, although the exact process for the contest is yet to be revealed, as it seems unlikely that there will be a repeat of the two-month marathon contest that followed the toppling of Boris Johnson.
While giving her speech Liz Truss said outside the 10 Downing Street, the official residence and the office of the British Prime Minister, she said, “I came into office at a time of great economic and international instability with a mandate to change this. Families and businesses were worried about how to pay their bills.
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“I recognise though given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.
“This morning, I met the chairman of the 1922 committee, Sir Graham Brady. We’ve agreed that there will be a leadership election to be completed within the next week.
Following her resignation after spending six weeks in office, Liz Truss is set to become Britain’s shortest-serving prime minister ever after what is termed a “disastrous tenure”.
Truss’s government was earlier told it had 12 hours to turn the ship around by Conservative lawmaker Simon Hoare, after a vote on whether to ban controversial fracking for shale gas escalated into chaos.
Lawmakers reported that aides for Truss manhandled MPs into the voting lobby to force them to vote against the ban. The government initially presented the vote as a confidence motion in Truss’s government, but confusion remains about whether it was.
A Downing Street spokesperson said on Thursday that Conservative lawmakers who didn’t participate in Wednesday evening’s vote will face disciplinary action.
Truss took over from Boris Johnson who resigned from his position as Prime Minister in July over a series of scandals.
Liz Truss’s resignation brings to an end her catastrophic tenure in Downing Street, which
was ravaged with challenges ever since her flagship economic agenda sent markets into panic and led to a fall in the value of the pound.
Truss won support from Conservatives members by promising low-tax, pro-growth policies derided by her critics as a lurch towards trickle-down economics but within weeks of coming to power, she disavowed the plans in a humiliating pivot, firing her Chancellor Kwasi Kwarteng and ditching virtually all of the fiscal agenda in the wake of a market backlash.