UK Political Crisis: A leader election will take place within the next week to select a successor to Liz Truss, who resigned after only 45 days in office, becoming the shortest-serving prime minister in British history. Liz Truss, the previous winner, served only 45 days before announcing her resignation. Her premiership was marked by a series of chaotic political missteps, beginning with a disastrous “mini-budget” on September 23rd that promised unfunded tax cuts, frightened markets, and increased government borrowing costs. The contest will be brief; 357 Conservative MPs and, if no coronation takes place, 170,000 party members will choose a new leader by October 28th.
After Liz Truss’s unceremonious resignation as Prime Minister of the United Kingdom after only 45 days in office, candidates have a few days to rally MP support.
Nominations will close at 2 p.m. on Monday, and candidates must have the support of at least 100 MPs to run.
Nobody has declared their intention to run yet, but Rishi Sunak and Penny Mordaunt are considered potential candidates.
Sources close to former Prime Minister Boris Johnson do not confirm or deny his interest in the race.
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The Conservative Party in the United Kingdom is desperate to put an end to Liz Truss’ disastrous premiership, with a rapid leadership election aimed at giving the winner a chance to overcome an unprecedented poll deficit.
Johnson supporters said they were meeting with Tory MPs on Thursday night to assess his chances, but that the former premier, whose scandal-plagued tenure ended with an unprecedented exodus of ministers, had not made a final decision on whether to run.
Even if he does not run, Johnson’s supporters may derail the chances of former Chancellor of the Exchequer Rishi Sunak, who finished second to Truss last time and whose reputation has since been enhanced by the foresight of his dire predictions about her economic policies. Many Johnson supporters, however, despise him and blame him for the former premier’s demise in July.
Following Liz Truss’ resignation on Thursday, Tory has established ground rules for the next UK Prime Minister.
To get on the ballot for UK Prime Minister, candidates will need the support of 100 Tory lawmakers, according to Graham Brady, the Member of Parliament who chairs the panel that sets rules for leadership elections. There are 357 Conservative MPs, so only three will be able to run.