British Prime Minister Truss Resigns After 44 Days
British Prime Minister Liz Truss, 46, resigned Tuesday. He stepped down 44 days after his appointment as political authority fluctuated due to the aftermath of the tax cut policy. She became Britain’s first female prime minister in her 40s, drawing attention to whether she would be the second Margaret Thatcher, but became the shortest-lived prime minister ever. Prime Minister Truss officially announced his resignation at a press conference in front of the prime minister’s residence at 10 Downing Street in London.
“I took office at a time of great economic and international instability,” he said in a statement, citing issues such as the Ukrainian war and the UK’s economic downturn. “I know I can’t carry out my elected duties (as prime minister) under a given circumstance,” he said. “I told the king that I would resign as Conservative leader.” In the UK, which has a cabinet system, the prime minister will be replaced when the ruling party’s leader changes.
The decisive reason for Prime Minister Truss’ resignation was economic policy-related mistakes such as tax cuts for the rich. He announced a tax cut worth (45 billion (about 73 trillion won) a year in September, believing that reducing taxes on the rich and companies that can afford to invest will lead to investment and the overall economy will grow significantly. However, the value of the pound and the price of British government bonds plunged as the inappropriate tax cut policy was expected to stimulate inflation again.
As the controversy arose, Prime Minister Truss abruptly replaced then Finance Minister Quoji Quateng on the 14th to hold him responsible for causing confusion in the financial market. However, even after that, the prime minister’s position was unstable. Jeremy Hunt, the new finance minister who succeeded Quarteng, scrapped most of Truss’s economic policies, including tax cuts. On the 19th, Interior Minister Suella Braverman stepped down.
Truss’s authority was severely shaken when Braverman resigned. Some said that he was “Prime Minister In Name Only (PINO)” Some predicted that he would follow in the footsteps of former Prime Minister Boris Johnson. Former Prime Minister Johnson, who had previously lost his reputation due to “party gates,” eventually stepped down as prime minister after former Finance Minister Rishi Sunak resigned one after another.
British Prime Minister Truss was also seen as trying to stay firmly in his position during a question-and-answer session in the House of Representatives the previous day. When the opposition demanded his resignation, he dismissed the rumor that he would resign, saying, “I am a fighter, not a quitter.” He also apologized again for the mistake and claimed that he had acted in the national interest to secure economic stability. However, he returned to his post after meeting Graham Brady, chairman of the Conservative 1922 Committee, earlier in the day.
Truss was named the shortest-lived prime minister of the United Kingdom. The shortest-serving prime minister before that was George Canning in the early 19th century, who died 119 days after his inauguration. After that, Gordon Brown (2 years and 318 days), who lost the election and gave up power to the Conservative Party, and Neville Chamberlain (2 years and 348 days), who was disgraced for peace after talks with Hitler, had short terms.
Prime Minister Truss was previously confirmed as the new prime minister in the Conservative Party’s leadership race on the 5th and raised public expectations with a second response. A strong image, he has used Thatcher as his role model. However, he failed to walk the path of former Prime Minister Thatcher and resigned in disgrace. Former Prime Minister Thatcher, the “Iron Lady” he wanted to imitate, served 11 years and 208 days. 토토사이트
Prime Minister Truss said there will be an election next week to pick his successor and that he will remain in office until the next prime minister is elected. His replacements include Hunt, former Treasury Secretary Sunak, Defense Secretary Ben Wallace and floor leader Penny Modont. In a recent survey of 530 Conservative members, 32% of the respondents cited former Prime Minister Johnson as a suitable successor.