Update: UK’s Conservative Party Will Choose New PM in Less Than a Week

As we reported on Thursday, in a shock announcement after just 44 days in office, British Prime Minister Liz Truss said that she was stepping down from 10 Downing Street, stating she did not have a mandate to push through her party’s proposed tax cut. As this happened, members of her own party were vocal about their anger over her inability to use the bully pulpit to sway Britons to back the Government’s policies to fight inflation, stave off a recession, and reassure investors about a plummeting British pound. At less than six weeks, this was the shortest tenure of any British prime minister in history.