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from the it's-OK,-she-hasn't-finished-unpacking-yet dept.
UK Prime Minister Liz Truss resigns after failed budget and market turmoil
U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.
Truss said in a statement outside Downing Street: "We set out a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit."
"I recognize 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 announce that I am resigning as leader of the Conservative Party."
The party is now due to complete a leadership election within the next week, faster than the usual two-month period. Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles, told reporters he was now looking at how the vote could include Conservative MPs and the wider party members.
Truss was in office for just 44 days, on 10 of which government business was paused following the death of Queen Elizabeth II.
Live updates: BBC, The Guardian, CNN, NYT.
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Liz Truss (Wikipedia).
(Score: 4, Insightful) by turgid on Thursday October 20 2022, @05:36PM (2 children)
Hopefully this is the beginning of the end of the Britannia Unhinged mob, the ERG and Faragists who brought us Brexit and Libertarian economics along with social divisiveness, intolerance, authoritarianism and xenophobic policies like transportation of refugees to Rwanda. Let's hope she isn't replaced with someone even worse. Things got bad enough.
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 2, Funny) by Anonymous Coward on Thursday October 20 2022, @08:51PM
The US midterm elections say "hold my beer."
As well as "and hold my totally authentic police badge."
(Score: 4, Insightful) by Thexalon on Friday October 21 2022, @10:55AM
That's almost a guarantee though: The Tories don't want a general election, because they'd then face consequences for their scandals and incompetence. The next people up for consideration are mostly people who've failed the last 3 times the Tory leadership was up for debate. Heck, there's even people making a push to bring back Boris Johnson and all his dissembling and scandals. Because no matter what the Tories do, they can continue doing this dance for at least another 2 years and continue holding control of the Commons and the government at least in name. Oh, and there's no guarantee that they can't vote to change when the next guaranteed election happens, thus keeping themselves in power while the country's citizens and opposition parties fume.
Oh, and as an added bonus, apparently Truss gets around £115,000 a year for screwing up this badly. Nice work if you can get it.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.