By: C. Paixão
British Prime Minister Liz Truss resigned on Thursday, 20th October, after serving in office for only one month and a half , making her the third consecutive Prime Minister to leave office before the end of her third term.
Truss, who now became the shortest term prime minister in the UK, replaced Boris Johnson only two days before Queen Elizabeth II’s passing away, when the public had already expressed some concern on Truss' taking over. A problematic economic plan by Truss that sparked controversy in the market and among her own party was a determining factor in her resignation as the British Prime Minister.
In an effort to boost the economy, this proposal called for steep tax cuts, as well as credit expansion and a $1 billion loan to try to close a shortfall in the public accounts that was estimated to be worth 45 billion pounds.
In her resignation speech, Truss spoke about the challenges she had to deal with during her brief service as prime minister, "I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills. Putin's illegal war in Ukraine threatens the security of our whole continent. And our country has been held back for too long by low economic growth"
The committee in charge of the party's internal elections states that as the Conservative Party won the most votes in the most recent elections, the party must nominate a new head, which must happen by the 28th October.