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Where did it all go wrong for UK’s Liz Truss?
Liz Truss has quit as British prime minister after the shortest, most chaotic tenure of any British leader
Her economic program shattered our country’s reputation for financial stability and left many people POORER than before.
Britain will now elect a new leader by Oct. 28 – the country’s fifth prime minister in six years.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of Boris Johnson, who was ousted as prime minister in July when his ministers resigned en masse to force him out of office.
The sight of yet another unpopular prime minister making a resignation speech in Downing Street – and the start of a new leadership race – underscores just how volatile British politics has become since the 2016 vote to leave the European Union.
It’s unclear who will be successful in this new leadership race, as contenders begin campaigning colleagues. A new PM could be announced by Monday.
What do the British people think of all this?
More destabilising political moves in a country already suffering from higher energy prices. Liz Truss was meant to fix all that, instead, but her party is split on how to do it.
So where did it all go wrong?
Speaking outside the door of her Number 10 office, Truss accepted that she had lost the faith of her party and would step down next week.
It’s the best news she’s given the financial markets during the past 45 days. The pound rallied as she spoke.
Her Labour opponent says enough is enough, and is calling for a general election.
The Scottish First Minister Nicola Sturgeon also wants heads to roll – but says the instability in London is a sign of a broader problem.