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British Prime Minister Liz Truss announced her resignation on Thursday following pressure from her own party. Truss’ decision comes just 45 days after she arrived in Downing Street following Boris Johnson’s resignation.
With the resignation, Truss becomes the leader with the shortest government in British history and the fourth Conservative leader to leave power in six years, after the resignations of David Cameron, Theresa May, and Boris Johnson. The revolving door at Downing Street when David Cameron resigned after losing the Brexit referendum.
“I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills,” Truss said in reading a statement Thursday.
“I recognise though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” she added.
Liz Truss’ resignation
The announcement comes after her own party pushed for her resignation due to the “mini-budget” her administration proposed, which generated turbulence in the markets. It was also announced that the Conservative Party will hold elections in the coming days to define a new leadership.