British Prime Minister Liz Truss announced her resignation on Thursday morning after just six weeks in office, becoming the shortest-serving prime minister in British history.
The former foreign secretary’s policy to ease economic problems backfired, sending markets into a frenzy and further depreciating the pound. Truss’ tenure was marked by a pound in trouble and a UK economy in tatters, leading to calls for her resignation.
Under pressure from her own party, Truss chose to resign after a damaging 24 hours. Home Secretary Suella Braverman criticized her leadership after her resignation on Wednesday, followed by charges of forcing lawmakers to vote against a fracking ban.
A competition to fill her vacancy will take place within a week, Truss said in a speech announcing her resignation on Thursday.
Current Conservative Party rules require election candidates to be voted by the parliamentary party’s 357 members. The two best candidates from that process advance to a second round.
Prior to Truss, whose tenure lasted only 45 days, George Canning previously held the record for the shortest term as Prime Minister, having served 119 days until his death in 1827.
Truss took office amid a storm of controversy surrounding her predecessor, Boris Johnson. Her departure leaves Downing Street and the Conservatives square again. With elections coming up, the UK will have its fourth prime minister since 2019.