British Prime Minister Liz Truss resigns after just six weeks in office.
Her announcement came after her attempt to roll out a series of aggressive tax cuts aimed at spurring economic growth but which dramatically roiled financial markets, led to unprecedented central bank intervention and drove her personal poll ratings to the lowest ever recorded for a prime minister.
Truss, 47, lasted just 44 days in office. Because Britain elects a party, not a specific leader, she will replaced by another lawmaker from her ruling Conservative Party.
The previous shortest tenure for a British leader was held by Sir Alec Douglas-Home, who served for one year and one day, from 1963 to 1964.
Truss fired Kwasi Kwarteng, her close ally and finance minister, on Oct. 14, even though he was implementing the pro-growth economic policies she campaigned on.
Her announcement came after her attempt to roll out a series of aggressive tax cuts aimed at spurring economic growth but which dramatically roiled financial markets, led to unprecedented central bank intervention and drove her personal poll ratings to the lowest ever recorded for a prime minister.
Truss, 47, lasted just 44 days in office. Because Britain elects a party, not a specific leader, she will replaced by another lawmaker from her ruling Conservative Party.
The previous shortest tenure for a British leader was held by Sir Alec Douglas-Home, who served for one year and one day, from 1963 to 1964.
Truss fired Kwasi Kwarteng, her close ally and finance minister, on Oct. 14, even though he was implementing the pro-growth economic policies she campaigned on.
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