UK Prime Minister Liz Truss resigns after failed budget and market turmoil
Liz Truss is resigning as UK Prime Minister. She announced a ballot to succeed her "within the next week". She had been in the post for less than two months. It was the backtracking on tax reform that brought her down.
The British Prime Minister Liz Truss announced her resignation on Thursday after just six weeks in office, which resembled a descent into hell, triggering a new internal election within the Conservative Party.
"The situation is such that I cannot fulfil the mandate on which I was elected by the Conservative Party," Truss, who becomes the shortest-serving head of government in modern UK history, said outside 10 Downing Street. She said a new internal majority vote would be held "within the next week" to replace her.
The leader of the British opposition, Labour's Keir Starmer, has called directly for a general election "now", after the announcement of the resignation of Prime Minister Liz Truss.
The Labour leader's new call comes as Liz Truss announced that an internal Conservative party ballot would be held to appoint her successor "by the end of next week".