Liz Truss quits as UK PM after 45 Days amid economic crisis

 The British Prime Minister Liz Truss announced her resignation today after serving for only 45 days—the shortest period ever for a British Prime Minister. Just six weeks after Rishi Sunak's replacement, her economic policy had divided the Conservative Party and sent shockwaves across the markets.

"I recognize that 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 notify him that I am resigning as leader of the Conservative Party. I will remain as Prime Minister until a successor has been chosen," Ms. Truss informed reporters.

Less than 24 hours after responding to MPs who criticized her by saying, "I am a fighter and not a quitter," Ms. Truss announced her resignation. "I am a person who is willing to speak up. I'm willing to make the difficult decisions, "Yesterday, she stated.

A leadership election for MPs to select her successor will be "completed within the next week," she added.

Less than 24 hours after responding to MPs who criticized her by saying, "I am a fighter and not a quitter," Ms. Truss announced her resignation. "I am a person who is willing to speak up. I'm willing to make the difficult decisions, "Yesterday, she stated.

Despite having hardly begun, Ms. Truss' unstable premiership was fatally damaged. With the exception of the mourning period of 10 days for the late Queen Elizabeth II, Ms. Truss had just one week before her political plan fell apart, forcing the resignation of her finance minister, Kwasi Kwarteng.

Ms. Truss and Mr. Kwarteng were thought to share similar viewpoints. Mr. Kwarteng had proposed a "mini-budget" that outlines the cost of an energy program of $67 billion over the following six months. But he lacked strategies for raising money. Instead, he proposes significant new borrowing, the removal of a restriction on bankers' bonuses, and broad tax cuts, including those for the highest earners.