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News Desk: Britain is about to get its third Prime Minister in three months, with Prime Minister Liz Truss announcing that she will quit the post, under growing pressure from Conservative MPs, after her budgetary plans, at the heart of which were unfunded tax cuts, deeply rattled markets, and had led to the replacement of the Chancellor only days ago.
Speaking from behind a lectern outside No. 10 Downing Street, where only 45 days ago she had stood, having just been appointed Prime Minister of the U.K., by the late Queen Elizabeth II, Ms. Truss announced her decision to a country that has been through a summer and early autumn of political chaos and economic turmoil.
She also announced that she had met with Sir Graham Brady, who is the Chairman of the powerful 1922 Committee, on Thursday morning, and they had decided that a “leadership election” will be “completed in the next week”.
