Why the British Prime Minister Liz Truss has resigned?

 She has been forced to resign as Prime minister after 44 days in power due to her falling popularity as the result of her failed economic policies

British Prime Minister Liz Truss has announced to resign from her position today.  She met with King Charles and informed him about her decision to resign. She has become the shortest serving prime Minister in the British history. She was elected prime Minister just 44 days ago. She has become the fourth PM to leave the office since Brexit Referendum in 2016. Liz Truss joined the David Cameron, Theresa May and Boris Johnson who all resigned since 2017.

She made a brief speech outside the Number 10 Downing Street in which she announced her resignation.  Truss accepted in her speech that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party. She has also accepted that economic situation is difficult and families and small business find it hard to pay utility bills.

She failed to bring down the runaway inflation of 10.1percent- the highest in Britain in last 40 years. The prices of food and energy are soaring in Britain. The cost of living crisis has hit the working people very hard. The poverty is also rising in Britain. Her economic plan failed to turnaround the economy and to control the inflation. Her neoliberal economic policies accelerated the process of recession in the British economy. British Pound plunged to the historic levels. 

She said in her speech that "i recognise though, 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," she said.

"This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We have agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country's economic stability and national security. I will remain as prime minister until a successor has been chosen. Thank you."

The pressure was mounting on her to resign within her party due to her flawed neoliberal economic policies. Conservative lawmakers have increasingly called on Truss to step down after she was forced to junk most of her economic programme which when delivered on Sept. 23 sent the pound and government bond markets tumbling.

She drafted in former health minister Jeremy Hunt as her new finance minister to try to reset her administration, but on Wednesday her lawmakers turned on each other and another senior minister resigned, leaving Truss's authority in tatters.

Conservative lawmakers say her most likely successors are either her leadership rival, former finance minister Rishi Sunak or Penny Mordaunt, who came third in the race to become the next prime minister just six weeks ago.

Conservative party is trailing to labour party in the latest opinion polls. The conservative MPs are nervous about the next general elections. The pressure is mounting on the Tory party to call the snap elections. 

                                                                    Khalid Bhatti 


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