{"id":249450,"date":"2022-10-20T18:31:00","date_gmt":"2022-10-20T18:31:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/?p=249450"},"modified":"2022-10-20T18:31:00","modified_gmt":"2022-10-20T18:31:00","slug":"liz-truss-resigns-as-uk-pm-after-45-days-amid-economic-turmoil","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2022\/10\/20\/liz-truss-resigns-as-uk-pm-after-45-days-amid-economic-turmoil\/","title":{"rendered":"Liz Truss Resigns As UK PM After 45 Days Amid Economic Turmoil"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div itemprop=\"articleBody\" id=\"ins_storybody\"><!-- \n\n<div itemprop=\"articleBody\" class=\"sp-cn ins_storybody\" id=\"ins_storybody\">--><\/p>\n<div class=\"ins_instory_dv\"><span itemprop=\"video\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/VideoObject\"><meta itemprop=\"headline\" content=\"Liz Truss Resigns As UK PM After 45 Days Amid Economic Turmoil\"\/><meta itemprop=\"name\" content=\"Liz Truss Resigns As UK PM After 45 Days Amid Economic Turmoil\"\/><meta itemprop=\"description\" content=\"Liz Truss Resigns As UK PM After 45 Days Amid Economic Turmoil\"\/><meta itemprop=\"thumbnailUrl\" content=\"https:\/\/c.ndtvimg.com\/2022-10\/qt0v8dg8_liz-truss-reuters-pic_650x400_17_October_22.jpg\"\/><meta itemprop=\"uploadDate\" content=\"2022-10-20T18:32:29+05:30\"\/><meta itemprop=\"embedUrl\" content=\"https:\/\/www.ndtv.com\/video\/embed-player\/?id=661128&amp;category=embed&amp;autostart=1&amp;pWidth=650&amp;pHeight=403&amp;embed_type=story&amp;mute=1&amp;autostart=1&amp;mutestart=true&amp;ctitle=1&amp;miniplayer=1&amp;cache=2022\"\/><meta itemprop=\"ContentUrl\" content=\"https:\/\/ndtvod.pc.cdn.bitgravity.com\/23372\/ndtv\/20102022_n_LizTrussResigns_123040_96351_320.mp4\"\/><meta itemprop=\"duration\" content=\"T3M32S\"\/><\/span><\/p>\n<p><iframe id=\"videoembed\" class=\"videembedload\" src=\"https:\/\/c.ndtvimg.com\/2022-10\/qt0v8dg8_liz-truss-reuters-pic_650x400_17_October_22.jpg\" data-src=\"https:\/\/www.ndtv.com\/video\/embed-player\/?id=661128&amp;category=embed&amp;autostart=1&amp;pWidth=650&amp;pHeight=403&amp;embed_type=story&amp;mute=1&amp;autostart=1&amp;mutestart=true&amp;ctitle=1&amp;miniplayer=1&amp;cache=2022\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" style=\"border:none; overflow:hidden; width:100%; height:403px; padding-bottom: 0px;padding-left:0px;\"><\/iframe><\/p>\n<p class=\"ins_instory_dv_caption sp_b\">Liz Truss resigned as Britain&#8217;s Prime Minister after 45 days in power<\/p>\n<\/div>\n<p><b class=\"place_cont\">New Delhi\/London: <\/b><\/p>\n<p>Liz Truss, the Prime Minister of Britain, resigned today after 45 days in power, the shortest term for a British Prime Minister. Her economic programme had sent shockwaves through the markets and divided her Conservative Party just six weeks after she was appointed over Rishi Sunak.<\/p>\n<p>&#8220;I recognise 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,&#8221; Ms Truss told reporters today.<\/p>\n<p>A leadership election for MPs to select her successor will be &#8220;completed within the next week,&#8221; she added.<\/p>\n<p>Ms Truss announced her resignation less than 24 hours after she said, &#8220;I am a fighter and not a quitter&#8221;, in response to MPs who criticised her. &#8220;I am someone who is prepared to front up. I&#8217;m prepared to take the tough decisions,&#8221; she said yesterday.<\/p>\n<p>Ms Truss&#8217; chaotic premiership was mortally wounded despite having barely begun. Discounting 10 days of mourning for the late Queen Elizabeth II, Ms Truss had only a week before her political programme imploded, leading to the sacking of her Finance Minister Kwasi Kwarteng.<\/p>\n<p>Mr Kwarteng, who was seen as like-minded with Ms Truss, had announced a &#8220;mini-budget&#8221; which details the price of an energy scheme worth $67 billion over the next six months. But he did not have measures to raise funds. Instead, he announces massive new borrowing to pay for sweeping tax cuts &#8211; including for top-earners &#8211; along with scrapping a cap on bankers&#8217; bonuses.<\/p>\n<p>The announcement draws immediate political fire for being unfair, and the pound plummets towards parity against the dollar.<\/p>\n<p>Mr Kwarteng and Mr Truss are then forced into a humiliating U-turn, scrapping the planned cut in the top rate of income tax.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.ndtv.com\/world-news\/liz-truss-quits-as-uk-pm-amid-massive-economic-crisis-3449283\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Liz Truss resigned as Britain&#8217;s Prime Minister after 45 days in power New Delhi\/London: Liz Truss, the Prime Minister of Britain, resigned today after 45 days in power, the shortest term for a British Prime Minister. Her economic programme had sent shockwaves through the markets and divided her Conservative Party just six weeks after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[123199,298098],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/249450"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=249450"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/249450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/249451"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=249450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=249450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=249450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}