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Liz Truss resigns as UK Prime Minister

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3 years ago

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UK Prime Minister Liz Truss has resigned after 45 days in the role

British Prime Minister Liz Truss announced her resignation as UK prime minister in a statement outside Downing Street.

Truss becomes Britain’s shortest-serving prime minister, after taking over from Boris Johnson 45 days ago.

“I cannot deliver the mandate on which I was elected,” she said.

Truss notified King Charles III of her resignation—a role he has held himself for 42 days.

There will be Conservative leadership election within the next week to elect the new UK prime minister.

“I will remain as Prime Minister until a successor has been chosen,” Truss said.

The embattled leader met with the chairman of the 1922 Committee of backbench MPs earlier in the day, after more of her own Tory colleagues called for her to stand down.

It also follows Home Secretary Suella Braverman handing in her resignation.

Troubled Truss

Liz Truss has become the UK’s shortest-serving prime minister.

She rose to the top job after a Conservative Party ballot, in which she beat former Chancellor Rishi Sunak.

At the time, the Conservatives were embroiled in a string of scandals.

This includes the ‘PartyGate’ fiasco in which her predecessor flouted Covid-19 lockdown restrictions while hosting parties at Downing Street.

Two days after she was sworn in by the late Queen Elizabeth II, the monarch herself passed away.

Truss’ tenure was met with a 10 day mourning period for Queen Elizabeth II, and an ambitious economic agenda.

Outside Downing Street, Truss said she came into office at a time of “great economic and international instability”.

However, she said her government delivered on energy bills and cutting national insurance.

She added there was a vision for a “low tax high growth economy”.

The UK’s economic uncertainty was worsened by the so-called ‘mini-budget’, which saw the UK pound fall to a record low.

As the economic woes continued, she sacked her Chancellor Kwasi Kwarteng.

The pound rose somewhat after Truss’ announcement before settling back at around $1.12.

Labour leader Sir Keir Starmer demanded a general election “now” following Truss’ resignation as prime minister.

The prime minister had appeared in the House of Commons a day earlier, where she said she was a “fighter, not a quitter”.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

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2 days ago

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December 12, 2025

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SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.


Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech


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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

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2 days ago

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December 12, 2025

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Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.


Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates


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Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

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2 days ago

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December 12, 2025

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Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.


Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.

The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.

Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.

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