LONDON — Liz Truss announced her resignation on Thursday after just 45 days in office, making her Britain’s shortest prime minister in history.
His resignation follows weeks of political and economic turmoil after his government introduced a “mini budget” that plunged financial markets into crisis and sent the value of the pound plummeting.
As a result, members of the Conservative Party’s 1922 Committee, the ruling group that sets the rules for the leadership race, have made immediate changes to the process as the party prepares to appoint its third prime minister in two months. .
Potential prime minister candidates will need the backing of at least 100 other MPs to secure their place on the ballot and become the party’s next leader.
The Conservative Party currently has 357 members in Parliament, meaning there will be a maximum of three leadership candidates who could be put forward.
The increased threshold of MPs needed to support a candidate for office “can be met by any serious candidate with a chance of passing”, Sir Graham Brady, chairman of the 1922 Committee, said on Thursday.
Many see these changes as an attempt to circumvent the internal vote of Conservative Party members in the leadership race and, therefore, could produce another leader who would create further political and economic instability.
Former Prime Minister Boris Johnson is expected to make a dramatic return to the front lines of British politics just 6 weeks after reluctantly stepping down amid intense scandal. He remains popular with members of the Conservative Party, but is seen as a liability by many of his colleagues.
On Johnson’s potential return, John Baron, MP for Basildon and Billericay, told the BBC that “we now have to look ahead and choose a new candidate, someone who has credibility, experience and who can unite the party”.
Johnson has yet to confirm whether he will stand for re-election, but he will return to the UK this weekend after enjoying a holiday in the Caribbean.
Former finance minister Rishi Sunak is seen as another likely candidate after finishing second to Liz Truss in this summer’s leadership race. Sunak repeatedly warned Truss that his economic plans and proposed tax cuts would create economic turmoil. The financial fallout that followed seems to have proven him right.
Sunak is a potential soothing voice and remains the UK’s seventh most popular politician, according to analytics firm YouGov. However, reports that his wealthy family have used non-domiciled status to reduce his tax payment are seen as a potential giveaway to Labour, Britain’s opposition party, amid the current housing cost crisis. life.
Penny Mordaunt, who placed third in the leadership contest, is likely another favorite.
Mordaunt was Defense Secretary to former Prime Minister Theresa May, the first woman to hold the position in British history, and her previous experience in the Ministry of Defense could be a vital advantage when it comes to the how the UK is handling the war in Ukraine.
Suella Braverman, the former home secretary – who lasted a day less in office than Liz Truss – is another likely contender for the top job.
A renowned anti-immigration and Brexit supporter, Braverman has proposed tougher penalties for cannabis possession and is seen as the preferred candidate for the Conservative Party’s ideological right.
Across the aisle, however, UK opposition party leader Sir Keir Starmer joined other political leaders from minority parties in calling for a general election.
“The British public deserves a say in the future of the country” and “we need a general election,” he said on Twitter.
The next prime minister will be announced by October 28.