Lizz Truss had defeated Rishi Sunak on this summer time’s Tory Occasion election. (File)
New Delhi:
UK Prime Minister Liz Truss at the moment stated that she is resigning as prime minister, asserting that her successor shall be elected by the tip of subsequent week. Truss’s mini-budget, which despatched shockwaves via the markets, was chargeable for her downfall.
Listed below are 10 factors on this huge story:
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Liz Truss’s woes started when her showpiece tax-slashing coverage sparked market chaos, forcing her right into a sequence of humiliating U-turns.
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The strikes, geared toward reviving the UK financial system, had divided her Conservative Occasion simply 45 days after she was appointed.
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Liz Truss’s departure leaves the ruling Conservative Occasion badly broken, languishing greater than 30 factors behind Labour within the polls after 12 1/2 years in energy.
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Her successor will change into the occasion’s fifth premier in lower than seven years for the reason that 2016 Brexit referendum ushered in a interval of unprecedented chaos in British politics.
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The outgoing prime minister introduced that an election to decide on her successor can be accomplished inside the subsequent week.
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Among the many front-runners to take over as UK PM is Rishi Sunak, whom Liz Truss defeated on this summer time’s elections.
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Sunak, former Chancellor of the Exchequer, at the moment has odds of 13/8, in accordance with Sky Guess.
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If he wins, Rishi Sunak can be the primary Indian-origin individual to carry the UK Prime Minister’s workplace.
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Different contenders in the summertime are additionally prone to be within the fray, together with Penny Mordaunt, Kemi Badenoch and Tom Tugendhat.
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Former Dwelling Secretary Suella Braverman, who was sacked on Oct. 19, may be within the operating.
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