“I recognize that in this situation I cannot fulfill the mandate with which I was elected by the Conservative Party,” Truss said. “I have therefore spoken to His Majesty the King to let him know that I am resigning as leader of the Conservative Party.” The election of the new party leadership should take place within the next week. “This will ensure that we remain on track to implement our fiscal plans and maintain our country’s economic stability and national security,” Truss said.
The British pound appreciated after the announcement: the course rose by almost one percent against the dollar. The UK stock market also gained about 1 percent.
Truss only succeeded Boris Johnson at the beginning of September, who resigned after several scandals and scandals under pressure from his own party. But Truss has been fighting for her political survival in office since mid-September after she triggered a fiasco on the financial markets with her tax cut plans and felt compelled to turn around. Dissatisfaction with and resistance to her grew in her party. According to polls, the Conservatives are about 30 percentage points behind the opposition Labor Party. At the research institute YouGov, Truss was the most unpopular prime minister since the surveys began.
Source: Nachrichten
