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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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(Score: 2) by PiMuNu on Friday October 21 2022, @01:10PM
I agree, Brexit is continuing to hurt us economically. The economic and political fall out will be much worse as Scotland will likely go independent in the next year or two, which is sad.
I guess it depends what you prioritise - freedom to determine who is in charge through a reasonably democratic process or material wealth (where material wealth means real things like access to health care, jobs, food, etc etc). In UK we spent most of the 17th and 18th century trying to maintain and even increase the level of democracy, at the cost of much blood, and it would be a shame to let that go.
Of course a negotiated outcome that strengthens and democratises EU would be better than this mess of Brexit, but we are where we are. I don't believe EU will last another 50 years - but I really hope it does. Time will tell.