British politics are literally never boring.
British Prime Minister Liz Truss announced on Thursday morning that she is resigning after just six weeks in office (!)
Um, why?: Truss implemented controversial tax cuts that sent the British economy into turmoil and chaos. The U.K. finance minister quickly reversed Truss’s policy earlier this week to stop the bleed. CNBC’s explanation of the economic policy and resulting chaos
Truss said in a statement: “I recognize though that 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.”
Watch Truss announce her resignation outside of 10 Downing Street
What happens now?: Truss said a leadership election will determine the next prime minister within the week.
Boris peers out from behind a curtain: The New York Times has a list of potential replacements for Truss. “Some analysts have even speculated that Boris Johnson, who resigned as prime minister in the summer, could make a return.”
The value of the pound increased with the news: Details from BBC
Tidbit — did she set a record for the shortest-serving prime minister?: Yes! “The previous record-holder for shortest-serving prime minister was George Canning, who lasted 119 days. He started on April 12, 1827 and died on Aug. 8, 1827.” More from The Washington Post
How’s her favorability doing?: YouGov tweeted on Tuesday, “Liz Truss’s net favourability rating has fallen to -70. Favourable: 10% (-5 from 11-12 Oct) Unfavourable: 80% (+9)” Graph of her net favorability since 2020