The politician has become the British president with the least time in office.
Liz Truss announced this Thursday that she will resign as Prime Minister of the United Kingdom.
The policy has resigned 44 days after her appointment, becoming the British leader with the shortest time in office.
Previously the shortest-lived prime minister was George Canning, who died in 1827 after 50 days in the charge.
“I took office at a time of great economic and international instability,” said Truss in a brief appearance outside Downing Street. “Families and businesses were worried about how to pay their bills,” she said.
In her speech, Truss noted that she was elected “with a mandate to change the situation” . “We delivered on energy bills and cut social security, and set out a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit,” he added.
“I recognize that, given the situation, I cannot fulfill the mandate for which I was elected
. I have spoken with His Majesty the King to inform him that I am resigning as leader of the Conservative Party,” he announced.
The British Prime Minister reported that “there will be a leadership election to be completed within the next week.” “This will ensure that we stay on track to deliver on our fiscal plan, and to maintain economic stability and national security for our country.”
“I will remain Prime Minister until a successor is chosen,” he concluded.
Before Truss’s announcement, 17 members of his own party had requested his resignation.
The Prime Minister has been the target of severe criticism after her announcement of unfunded tax cuts, which has generated distrust in the markets and in the public, while her popularity has fallen to lowest approval levels in the history of the country.
Tax cuts announced in the past 23 of September by the former Chancellor of the Treasury, Kwasi Kwarteng, implied a huge indebtedness for part of the government. London was expected to spend 150.000 millions of pounds sterling to subsidize energy costs for consumers and businesses.
Truss has finally launched its fiscal plan to freeze corporate income tax, and from next year it will raise it from 18 % to the 25 %, as planned by the government of his predecessor Boris Johnson. With this increase, he hopes to raise 000. additional million pounds sterling (about 20.180 million dollars) per year for public coffers.
Unlike the big tax cuts of the 1990s 1980, Kwarteng has requested tens of billions of pounds to finance his plans, which would increase demand at a time when the Bank of England is raising interest rates to control inflation.
In the midst of criticism, Kwarteng announced last Friday his resignation. On his Twitter account, the former head of the Treasury confirmed that Truss asked him “to step aside”
.
For her part, Suella Braverman announced on Wednesday her resignation as British Home Secretary after less than two months in office and was replaced by former Transport Secretary Grant Shapps.
