Today, Britain’s Prime Minister Liz Truss resigned after serving for the record-shortest 45 days in office. Just six weeks after she was appointed over Rishi Sunak, her economic programme sent shockwaves through the markets and divided her Conservative Party.
Her decision to step down came at a time when Britain was in the midst of an economic crisis, and it followed a string of policy about-faces on the part of her government that severely undermined Truss’s authority. On Thursday, a number of Conservative Members of Parliament (MPs) publicly called for Truss to quit, with several of them calling her government as untenable. It came after a contentious vote that took place in parliament on Wednesday night, during which the government just barely prevailed in a vote on energy policy, but was then confronted with angry claims of forcing MPs into voting.
Her mini-budget from the previous month terrified the markets, which led to a precipitous drop in the value of the British pound. As a result, she was compelled to fire her finance minister, who rolled back practically the whole package of economic initiatives.
- After Liz Truss’s departure, the UK will have its third PM in a year. A general election may not happen until 2025, thus the next PM would be chosen by the Conservative Party.
New Next PM within a week, so what happens now?
The search for the candidate who will succeed Liz Truss has begun, and its conclusion is anticipated to come in a weeks time.
— Boris Johnson may succeed Liz Truss as PM. Former PM says it’s in ‘national interest’ to run again
It is widely anticipated that Boris Johnson will run for prime minister in order to succeed Liz Truss.
According to reports, the former prime minister feels that it would be in the “national interest” for him to run for office once more. A little more than six weeks after he was driven out of his position as prime minister, it is anticipated that Boris Johnson would attempt to make a political comeback in the campaign to replace Liz Truss. His return to the forefront of politics would be fraught with difficulties, including but not limited to the investigation into whether or not he lied to the House of Commons about the “partygate” incident, which is still ongoing.
But his backers in Parliament are pressing him to run for office, at a time when the Conservatives are doing everything they can to avoid a general election in the face of abysmal poll ratings. Although Johnson was on vacation in the Caribbean when Liz Truss announced her resignation.
According to the rules of the party that is running the contest, in order for Johnson to compete against any other successful contender, he will need the support of at least one hundred Tory MPs by Monday afternoon. A number of Conservative Members of Parliament (MPs), notably Government minister Sir James Duddridge, who formerly worked for Mr. Johnson as one of his parliamentary private secretaries, were eager to voice their approval of Mr. Johnson.
“I hope you had a good time away from work, boss. It is time to get back. He tweeted, accompanied by the hashtag “bringbackboris,” claiming there were “few issues at the office that need to be addressed.”
According to Marco Longhi — The only person who has a mandate from the general public, is Boris Johnson MP. He is the only person that commands that authority given to him by the public at a General Election. He is the only person who can discharge the mandate from the people. Please come back Boss.
Others are talking about their worries behind closed doors and believe it’s “not the right thing for him. All the problems that were bothering them while in there haven’t gone away in the last two months. There are a lot of people who dislike him and will continue to dislike him, but there are also a lot of people who are pleased about it.
Despite the fact that he is still quite popular among members of the Conservative party, the general public’s perception of him has been shifting negatively in recent years, which could be problematic for Johnson’s campaign. During Boris Johnson’s time as prime minister, the Conservative Party was already experiencing a decline in the polls, and he is now being investigated by the Commons privileges committee to determine whether or not he lied to members of parliament.
The Conservative member of parliament, Sir Roger Gale, made the following tweet: We need to remember that Mr Johnson is still under investigation by the Privileges Committee for potentially misleading the House. Until that investigation is complete and he is found guilty or cleared, there should be no possibility of him returning to Government.
What is your direct message to Boris Johnson — stay out of this?’
Andrew Marr: ‘What is your direct message to Boris Johnson – stay out of this?’— LBC (@LBC) October 20, 2022
Keir Starmer: ‘I would invite him to dust off and re-read all the resignation letters that he received in July.’
@AndrewMarr9 | @Keir_Starmer pic.twitter.com/nEoQm9sWTj
— Rishi Sunak is one of the frontrunners
Rishi Sunak, who finished second behind Truss in the summer leadership election, boosted his reputation as a fiscal conservative by correctly forecasting the market instability that resulted from Truss’s proposals. Many people still hold him responsible for the ouster of Boris Johnson as prime minister, and they wonder how he managed to amass such a fortune while Britain is experiencing double-digit inflation.
These tweets are indicative of the significant amount of support that Rishi Sunak is receiving:
I back @RishiSunak to be our next PM. He has the plan & credibility to:— Dominic Raab (@DominicRaab) October 20, 2022
🔹restore financial stability, help get inflation down & deliver sustainable tax cuts over time; and
🔹unite the Conservatives by bringing the best talent into govt to deliver for the British people.
One of the frontrunners, Rishi Sunak, accurately predicted that Liz Truss plans would produce market upheaval. Furthermore, many Conservative MPs despise his participation in Boris Johnson’s downfall.
I’m backing @RishiSunak to be our next PM— Richard Holden MP (@RicHolden) October 20, 2022
I’ve already spoken to a good few colleagues who backed @trussliz who now back Rishi
We face a major national challenge & need the best candidate to restore economic credibility
That’s the only way to unite @Conservatives & 🇬🇧 pic.twitter.com/BseGVrjMLw
After Liz Truss’s exit, Penny Mordaunt is seen as a leading candidate for the position of Prime Minister in the United Kingdom
After the resignation of Liz Truss, Penny Mordaunt has emerged as a potential candidate for the position of Prime Minister of the United Kingdom. Mordaunt previously was in charge of serving as the youth leader for the Conservative Party. Since September 2022, Penelope Mary Mordaunt has been Leader of the House of Commons and Lord President of the Council.
Many people in the United Kingdom believe that Penny Mordaunt has what it takes to become the next Prime Minister of the country. Bookmakers predict Penny Mordaunt to replace Liz Truss.
Penny Mordaunt is well-liked by grassroots members of the movement. Previously, she held a position in the Cabinet. Recent performances in the Commons left members of parliament highly impressed. She has not yet managed to persuade the party that she is credible on the subject of the economy.
Ben Wallace British Defense Minister
It is widely acknowledged that Defense Secretary Ben Wallace can be trusted. Speaks to the party’s dwindling base, which still thinks lavish military budgets are justified. To avoid competition, he has declared over and over that he prefers to stay where he is.
This story is progressing. Please revisit this page for updates.