OCTOBER 20, 2022:
LONDON (AP) — British Prime Minister Liz Truss has resigned. She has bowed to the inevitable after a tumultuous term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority. Just a day earlier Truss had vowed to stay in power, saying she was “a fighter and not a quitter.” But Truss left Thursday (Oct. 20, 2022) after she was forced to abandon many of her economic policies and lost control of Conservative Party discipline. Her departure leaves a divided party seeking a leader who can unify its warring factions. Truss said she will remain in office for a few more days while that process unfolds. She has been prime minister for just 45 days.
OCTOBER 19, 2022:
LONDON (AP) — British Prime Minister Liz Truss has insisted she is “a fighter and not a quitter” as she faced down a hostile opposition and fury from her own Conservative Party over her botched economic plan. Truss made a public apology to Parliament during a session of Prime Minister’s Questions on Wednesday (Oct. 19, 2022). Her appearance came two days after newly appointed Treasury chief Jeremy Hunt ripped up the tax-cutting package unveiled by Truss’ government less than a month ago. Some lawmakers shouted “Resign!” as she spoke. A package of unfunded tax cuts Truss’ government announced Sept. 23 sparked turmoil on financial markets, hammered the value of the pound and increased the cost of U.K. government borrowing.
OCTOBER 18, 2022:
LONDON (AP) — This has not been a good week for Liz Truss. Britain’s prime minister is powerless, humiliated, labeled a “ghost” prime minister and compared unfavorably to a head of lettuce. Truss is scrambling to recover her grasp on power after her economic plans were ripped up and repudiated by a Treasury chief whom she was forced to appoint to avoid meltdown on the financial markets. Truss remains in office largely because her Conservative Party is divided over how to replace her. Britain’s lively, partisan press is unusually united in the opinion that Truss is doomed. One tabloid is taking bets on whether Truss will outlast a head of lettuce, and has set up a livestream of the vegetable so people can watch.
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