British Prime Minister Liz Truss has resigned as Prime Minister amid a major economic crisis. Truss resigned after just 45 days in the Prime Minister’s office. Liz Truss has become Britain’s shortest-serving Prime Minister. His economic program caused turmoil in the UK market and many in the Conservative Party were calling for his resignation.
Liz Truss had to withdraw all her policies on tax cuts. The new Chancellor of the Exchequer, Jeremy Hunt, reversed all of his tax cut policies. The ban on increase in electricity bill was also lifted. Liz Truss said in a televised address that I am resigning because I could not fulfill the mandate for which I was elected. Earlier, he also apologized for his government’s U-turn on economic policies and accepted the resignation of his government’s first finance minister.
After this, Indian-origin Swela Braverman also resigned from the post of British Home Secretary. Braverman, the son of a Goan-born father and a Tamil-born mother, was appointed home secretary 43 days before British Prime Minister Liz Truss took office at 10 Downing Street. Braverman earlier met with Prime Minister Truss on Wednesday and is not being seen as a result of disagreements over government policy.
British Prime Minister Truss was being criticized for reversing two of his major decisions. Not only did she abandon plans to cut taxes on top earners and company profits, she also had to remove her close friend Kwasi Kwarteng as finance minister.
There were reports in several media houses that Liz Truss will not last long in the office of Prime Minister of Great Britain. After reversing his entire economic policy, ousting his friend and Finance Minister Kwasi Kwarting, his public opinion figures hit record highs. Even Conservative MPs were plotting to oust him from office. He was also criticized by two prominent Tory newspapers on Tuesday.