Following her resignation as British prime minister after 44 disastrous days in office, a new contest for the party’s leadership of the Conservatives has begun. Who will succeed Truss, whose tenure as prime minister was marked by a string of disastrous crises, is still up in the air.
Former chancellor Rishi Sunak, who was the favoured choice of Conservative MPs, is currently the early favourite with the bookmakers. However, he lost to Truss when the party’s rank-and-file membership made their decision because they disapproved of his intentions to raise taxes and his crucial role in the ouster of former prime minister Boris Johnson. The odds of Sunak replacing Truss, according to British bookmaker Sky Bet, are 13/8.
Johnson might also try to make a comeback, even though it has only been a little over three months since he was pushed from office.
16 Conservative MPs publicly called for Truss to quit, which led to her downfall. Following a meeting with Sir Graham Brady, the head of the influential 1922 Committee of backbenchers with significant influence inside the Conservative Party, she issued a brief announcement regarding her resignation.
Truss, who is on the extreme right of the Conservative party, remained adamant even in her resignation address at the podium outside Downing Street and claimed she had a mandate to enact the significant measures she had tried to implement that had crashed the pound and the bond market. “We outlined a plan for an economy with low taxes and rapid growth that would benefit from Brexit’s freedoms. I am aware, nonetheless, that the circumstances prevent me from carrying out the Conservative Party’s mandate for my appointment, she stated.
She spoke with barely a trace of regret in her voice and argued that the actions she had taken were just, essential, and in the best interests of the nation.
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