Last minute: British Prime Minister Liz Truss resigns. Truss, who took office at the beginning of September, resigned after 45 days. The alarm bells for Liz Truss had peaked earlier this week. It was claimed that Truss, who took office only 1.5 months ago, had his days numbered.
THEY WERE LOADED TOO HARD FROM THE HEADLINES: ‘HE HAS THE SHELF LIFE OF A LETTUCE’
Britain’s prestigious magazine, The Economist, addressed Liz Truss as ‘Miss Iceberg’ and stated that her career had ‘the shelf life of a lettuce’.
THEY EVEN COMPARED WITH LETTUCE AND MADE A SURVEY!
On the other hand, another broadcasting organization, the Daily Star, started a live broadcast and shared with the audience which one would ‘break down’ first. The odds were 6-1 that Truss would leave office within 35 days.
FIRST STATEMENT FROM TRUSS
On the other hand, Truss said in a statement in front of the Prime Minister’s Office Number 10, that he took office during a period of great economic and international instability, and noted that he was worried about how families and businesses would pay their bills.
Stating that he took over the task with the authority to change this, Truss admitted that he would not be able to fulfill this task for which he was elected, given the current situation.
SUBMISSIONS TO THE KING OF ENGLAND, CHARLES 3
Truss stated that he met with King Charles III of England to submit his resignation.
Liz Truss stated that there will be a leadership election within the party that will be completed next week and that she will remain in her post until the new prime minister is elected.
WAS UNDER PRESSURE TO REsign
The British government announced on September 23 that it was preparing to implement tax cuts in the country, which will amount to a total of 45 billion pounds.
This situation increased the expectations that the country’s external borrowing would increase and caused the sterling to experience sharp depreciation.
After harsh criticism of the economic plans, the government abandoned its plan to abolish the top income tax rate of 45 percent.
Truss, who had been behind the tax reduction plan within the scope of the budget regulation plan many times before, could not stand the public pressure on October 14, dismissed Kwasi Kwarteng from his position as the Minister of Finance and appointed Jeremy Hunt in his place.
Liz Truss apologized for “mistakes” that caused significant market volatility; however, British public debate had begun over how long Truss would remain in office.