UK's Liz Truss resigns
There have been jokes about whether UK Prime Minister Liz Truss could outlast a head of lettuce. But who’s laughing now? The newly installed British leader announced on Thursday that she’s resigning, unable to fulfill the promise of a low-tax, high-growth strategy for getting the post-Brexit economy moving. Truss noted that her government had delivered on reducing energy bills and cutting national insurance fees. But given the energy and economic crises — UK inflation hit a whopping 10.1% in the latest figures — and Russia’s war on Ukraine, which she said “threatens the security of our whole continent,” her plan for growth is untenable. Truss will stay on in the post, much like predecessor Boris Johnson did, until a replacement is found. A Tory leadership contest will come next, but any hopes for immediate solutions to the UK’s mounting crises have been dashed.
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