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Liz Truss Resigns as Prime Minister After 44 Days, Who Will Replace Her?

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77 comments on Liz Truss Resigns as Prime Minister After 44 Days, Who Will Replace Her?

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Truss Resignation Speech

Out of the Blue

The shelf life of that book may be the shortest in history as well.

Up next, the inside story of an astonishing collapse.

What’s Next?

  • Liz Truss announced she will resign as Britain’s prime minister after a disastrous six-week tenure, making her the UK’s shortest-serving prime minister ever.
  • Another Conservative leadership election is due to take place within a week, with the next prime minister expected to be announced on Friday, Oct. 28.
  • Truss’ announcement Thursday came after her government descended into chaos, with key cabinet members and lawmakers savaging her leadership.
  • The UK will now see its fifth premier since the divisive 2016 Brexit referendum, intensifying calls for an early general election.

Details and lead chart courtesy of CNN. 

Will Truss Outlast This Lettuce?

As a tabloid joke, the Daily Star asked if Truss would outlast a head of lettuce.

Today, the lettuce declared victory and lettuce joke are rampant on Twitter.

Just the Tip of the Iceberg

Next PM Odds

Bloomberg comments on The Front-Runners to Replace the Prime Minister

  • Rishi Sunak, who ran against Truss in the Conservative leadership election this summer, remains Sky Bet’s favorite, with the bookmaker paying out £8.64 ($7.87) for every £5 bet on the ex-chancellor.
  •  Leader of the House of Commons Penny Mordaunt climbed to second-favorite at odds of 9/4 after Chancellor Jeremy Hunt ruled himself out of the race.
  • Another candidate climbing the bookies’ rankings is Boris Johnson. Sky Bet slashed odds to 4/1 on him making a sensational return to office after the Times reported the former prime minister is expected to stand in the Tory leadership contest.
  • Keir Starmer slipped down the list of likely candidates, suggesting bookies favor an internal Tory replacement rather than a general election, despite pressure building for one from the opposition. Odds on the Labour leader plummeted to 40/1 on Sky Bet.

Jeremy Hunt would be near the top of the list as the new UK finance minister but he wisely took himself out of the mix. 

Boris Johnson is allegedly back in the running after stepping down weeks ago. 

Wouldn’t that be a hoot?

This post originated at MishTalk.Com.

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77 Comments
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MarkraD
MarkraD
3 years ago
Off topic, but there’s a lot of buzz the Fed may pause or slow down, which is why pundits say the market’s up today.
If true, then I’m relieved the Fed’s watching leading indications, if untrue then it’s a setup for a nasty crash later if any Fed member comments to the contrary.
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Jojo
Jojo
3 years ago
Reply to  MarkraD
Barring worsening inflation reports here, I wouldn’t be surprised if they only went 50 basis point rise next time around.
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RonJ
RonJ
3 years ago

“Boris Johnson is allegedly back in the running after stepping down weeks ago.

Wouldn’t that be a hoot?”

The whole thing is a hoot, all around the world. The people are not clamoring for a digital currency or a whole lot of other laws, that are being shoved down our throats by politicians with ulterior agendas. A commission in California is outlawing the sale of gas powered vehicles by a certain date. Forced on the people by un-elected bureaucrats. Totally, anti-democracy.
“Your vote counts.” Election propaganda. The Democrat party was not going to let Bernie Sanders be the nominee. The Republican Party was not going to let Ron Paul be the nominee. Trump was spied on by the FBI. He managed to beat the system, but underwent a 4 year coup against him. Some Muckety Muck at Google said, we won’t make that mistake again. In other words, our vote doesn’t count. Google interfered in the 2020 election to ensure the outcome. There was a lot of interference in the election, to ensure the outcome. Our vote doesn’t count.
It is political propaganda.
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MarkraD
MarkraD
3 years ago
Reply to  RonJ
Having seen more than my share of the parliament in action, maybe Bo-Jo can get them to have a drink or two, they sure as hell need it.
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RonJ
RonJ
3 years ago
Reply to  MarkraD
It seems as if we all do, considering what is going on “in our name.”
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hhabana
hhabana
3 years ago
If the British people get Boris Johnson again, then they need to have their own Bastille Day and let the guillotine drop all day along.
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RonJ
RonJ
3 years ago
“Out of the Blue”
They barely got the book published….. and she’s gone.
Speaking of books, Turtles All The Way Down. The truth about vaccines. Just released.
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MarkraD
MarkraD
3 years ago
Reply to  RonJ
The writer is anonymous.
Amazon review –
“As a naturopathic primary care family physician I am very surprised that the numeric references noted in the chapters are NOT referenced. I will not be able to offer this publication to patients and families for clarity on vaccination as I have no way to check on the validity of these references.”
By design, a “naturopath” would have a bias in favor of the book.
.
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RonJ
RonJ
3 years ago
Reply to  MarkraD
The pharma companies have immunity from liability, as there is no such thing as a safe vaccine. By design, the CDC has a bias of ignoring the injuries and deaths being caused by the Covid injections. As Dr. McCullough noted, the injections should have been halted by February 2021.
Anyone telling the truth, has been smeared, which is why the book is authored anonymous. RFK’s book on Fauci has loads of references.
The media ignore his book.
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MarkraD
MarkraD
3 years ago
Reply to  RonJ
On the whole, I agree with your distrust of pharma, and the healthcare industry overall, but to a lesser degree on Covid vaccinations though.
This is the industry that gave us the opioid epidemic.
That said, the book is opinion if it doesn’t source real empirics, and, the writer is anonymous.
.
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KidHorn
KidHorn
3 years ago
Reply to  MarkraD
You quote one bad review from amazon as evidence against the book. That’s the best you can do.
And is it really surprising the author is anonymous given how anyone against the fascist left has the DOJ go after them and/or gets banned.
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MarkraD
MarkraD
3 years ago
Reply to  KidHorn
Not that it matters, but Fascism is far right, far left is Communism.
As to the rest of your statement, a bit kooky in a world where Tucker Carlson and countless others are able to speak freely without consequence from the “fascist left”.
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KidHorn
KidHorn
3 years ago
Reply to  MarkraD
No.
Tucker has one of the highest rated cable shows. Unlike anything at CNN and MSNBC. Even the democrats aren’t dumb enough to go after him. They go after people who have no way to defend themselves.
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Jojo
Jojo
3 years ago
Reply to  KidHorn
“Tucker has one of the highest rated cable shows.”
If fifty million people say [believe] a foolish thing, it is still a foolish thing.
–Anatole France, French poet, journalist and novelist (1844-1924)
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KidHorn
KidHorn
3 years ago
Reply to  Jojo
What does that have to do with Tucker Carlson?
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Jojo
Jojo
3 years ago
Reply to  KidHorn
Heh! Thanks for proof of your residence on the left side of the IQ curve.
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RonJ
RonJ
3 years ago
Reply to  Jojo
Safe and effective. A lot of people believe propaganda from the U.S. government.
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MarkraD
MarkraD
3 years ago
Reply to  KidHorn
Yes –
You should read what you post links to – “On one side stood Hitler, fascism, the myth of German supremacy; on the other side stood Stalin, communism,”
Even your dictionary definition describes Hitler and Mussolini as Fascists, they were unquestionably right wing, pro corporate, thoroughly racist.
Benito Mussolini created the word “fascism.” He defined it as “the merging of the state and the corporation.”
And here’s Wiki’s definition, moron:
“Opposed to anarchism, democracy, pluralism, liberalism, socialism and Marxism, fascism is placed on the far-right wing within the traditional left–right spectrum.” https://en.wikipedia.org/wiki/Fascism#:~:text=Opposed%20to%20anarchism%2C%20democracy%2C%20pluralism,%2C%20the%20state%2C%20and%20technology.
Tucker openly spews his angry mumbo-jumbo and has not been undermined by your theoretical “leftist-fascist” deep state, which is what you rationalize that “book” author’s rationale for hiding his name.
.
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Captain Ahab
Captain Ahab
3 years ago
I’m betting on a virtual Margaret Thatcher. No one will realize.
Seeing as the party in control elects the PM, they will likely appoint the least offensive, socially acceptable (woke) member.
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KidHorn
KidHorn
3 years ago
A victory for fascism. A requirement for whoever takes over will be their being anti-brexit.
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RonJ
RonJ
3 years ago
Reply to  KidHorn
Democracy is dying and self proclaimed democrats are killing it.
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Doug78
Doug78
3 years ago
The lifelong yearly pension of 117,000 Pounds was tempting but I turned it down.
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RonJ
RonJ
3 years ago
Reply to  Doug78
Hold out for President of the World. The U.N. will be creating that position after the Great Reset. The WHO already says they own the science.
The U.N. will own the world.
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Doug78
Doug78
3 years ago
Reply to  RonJ
Not if I am elected!
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Jojo
Jojo
3 years ago
Reply to  RonJ
One world government, the abolishment of individual nations and a government that has absolute military power to enforce the laws of the world is the only way to save this planet.
I am waiting for our alien overlords to recognize that I am the perfect person to put in charge of this effort. Anyone who disagrees will be sent to the Soylent Green tanks.
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ZZR600
ZZR600
3 years ago
Whoever takes over, or whichever party comes into power at the next elections, the UK is stuck with the simple question of: to raise or not to raise? (interest rates)
The UK’s public finances have worsened further, with the government borrowing £20bn in September as it spent more on debt interest payments, according to figures just released by the Office for National Statistics. It is the second highest September borrowing on record and worse than what City economists had expected https://www.theguardian.com/business/live/2022/oct/21/retail-sales-drop-sharply-uk-government-borrowing-rises-pound-slides-business-live
The next leader has a choice: kill the economy via inflation or kill the economy via massive deflation. Slow starvation or bullet to the head…..end result is the same
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Doug78
Doug78
3 years ago
Most of us are used to seeing power struggles within political parties and in this one a leader will come out of this Darwinian process. Evidentially Liz was just not up to the job, lost her support and now will be replaced. I am not British and not familiar enough with their system to make a prediction. Let’s see who pops up or who pops back in.
This is the essential question.
And the usual suspects come out by saying it is the end of the Conservative Party, the end of the UK, the end of Western Civilization and the rise of (fill in with your favorite authoritarian regime).
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Jojo
Jojo
3 years ago
I vote for BJ redux. He was an interesting character and a stalwart for Ukraine.
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whirlaway
whirlaway
3 years ago
Reply to  Jojo
Yeah, he is Biden’s loyal poodle who went and scuttled the deal that Russia and Ukraine had reached, with Turkey’s help. A warmonger like that has to be rewarded. Anything other than bloodthirsty warmongering would mean that the person is a Putin puppet.
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Call_Me
Call_Me
3 years ago
Who will replace her? It doesn’t really matter.
Call_Me_Al
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Esclaro
Esclaro
3 years ago
It’s time for an election so the Tories can be eliminated. Polls show Labour with a 25 point lead. Stick a fork in them, they’re done!
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whirlaway
whirlaway
3 years ago
Reply to  Esclaro
The Labour Party is no better either. They are like the DONORcrat Party in the US, and have their own versions of BJ Clintons, 0-bamas and FJ Bidens.
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StukiMoi
StukiMoi
3 years ago
Reply to  whirlaway
The UK puts the G in goners like few, if any, other, countries.
Continuous, unbroken, rapid and accelerating decline since 1971 has destroyed the US. In the UK, the decline started closer to 1871….. There’s hardly a functioning, productive organisation larger than 50 people left there. A fair amount of brilliant smaller pockets, though. In no small part due to not having to compete for talent with anything larger. Like Americans, it’s not like the English are somehow individually retarded. Just grossly economically incentivised to act that way… But 10 sharp heads in a department at Cambridge, nor in a recording studio in Manchester; with the rest leeching around trying to get in on the latest scam to bilk their ever dwindling number of still productive countrymen: is Nigeria. Not an industrialised country of any significance.
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PapaDave
PapaDave
3 years ago
Reply to  whirlaway
Whoa!!!!
Brain flash!!
Did you finally just get it?
The Republicans are no better then the Democrats either. And Libertarians are just as bad as well (Liz Truss is a Libertarian).
Which means you are wasting your precious time on hating one party while fawning over the other.
Thank goodness you finally figured it out. Now you can focus your time on things that matter. Like building your wealth, so you can have a better life. Because it doesn’t matter which party is in power. None of them is going to magically spread their political pixie dust and make your life better. Only you can do that.
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whirlaway
whirlaway
3 years ago
Reply to  PapaDave
Yo, I know it for at least 14 years. The last time I voted for a major party candidate was for 0-bama in 2008. In my defense though, I would say that he is one of the best con men the world has ever produced.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  whirlaway
Biden is by far the bigger con man. In the land of Oz, at least Obama had a brain.
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PapaDave
PapaDave
3 years ago
Reply to  Captain Ahab

Lol! They are all con men. The biggest con man of all time though is Trump. Maybe he will get back in and con us all again.

Either way; its a waste of time to focus on politics. Better to focus on how you can make your life better. Cause that’s all you can control.
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RonJ
RonJ
3 years ago
Reply to  PapaDave
You will own nothing and be happy. Klaus Schwab will take care of it all.
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PapaDave
PapaDave
3 years ago
Reply to  RonJ

Don’t care. Wake up. Stop complaining. Build your wealth.

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RonJ
RonJ
3 years ago
Reply to  PapaDave
It wasn’t Republicans that made it illegal for my doctor to tell me the truth about the Covid injections, here in California.
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PapaDave
PapaDave
3 years ago
Reply to  RonJ
Don’t care. Stop wasting your time. Do something useful for yourself. Buy oil stocks.
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ajc1970
ajc1970
3 years ago
Reply to  Esclaro
The Tories control the timing of the next election and they don’t have to call one until Jan 2025, so why would they call one when their polls are at the worst they’ve been in years? Because you want it? It doesn’t work that way.
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Esclaro
Esclaro
3 years ago
Reply to  ajc1970
True, they have two years to try to regain their support but I don’t see it happening. All the choices from here on out are bad ones.
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Avery
Avery
3 years ago
Hugh Hendry.
“I recommend you panic.”
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MarkraD
MarkraD
3 years ago
Reply to  Avery
Rule #1: Always take publicly offered advice from defunct hedge fund managers.
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StukiMoi
StukiMoi
3 years ago
Reply to  MarkraD
In certain particularly well indoctrinated corners of the idiotosphere: Welfare recipients of all things, as long as their welfare checks were written by central banks; have been transformed into some sort of sages to be listened to. Never underestimate the influence cradle-to-grave, heavy handed and unchallenged indoctrination can have on a less than critical mind…..
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RonJ
RonJ
3 years ago
Reply to  MarkraD
“Always take publicly offered advice from defunct hedge fund managers.”
Or the CDC. “Safe and effective.”
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MarkraD
MarkraD
3 years ago
Reply to  RonJ
The entire problem revolves around money in politics, regulators win elections with campaign money, that money tells regulars what to regulate.
This brought us Sub-primes, mass opioid addiction, and countless future crisis.
That said, I sure as all hell won’t run to foreign government propagandists as an alternative for information.
Given a choice of “inject bleach” for advice, I’ll take my chances with the CDC.
.
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Avery
Avery
3 years ago
Reply to  MarkraD
Please do!
The vax stocks are WAY UP today, Clorox not so much.
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TheWindowCleaner
TheWindowCleaner
3 years ago
If you try even tinkering with the monopoly paradigm of finance (Debt Only) by spending/gifting government contractors then they (finance) will tank the economy on you. Lesson learned by 99.99% of pols. Problem was her spending was like every other pol’s/party’s spending, i.e. not direct to the individual. That’s why a 50% Discount/Rebate policy at retail sale is the route to the best economic times….ever. It’s monetary gifting straight to the individual and reciprocally back to business. Hence its beneficial for all economic agents, integrating the self interests of the individual and enterprise and isolates private finance as the only actual bad actor. Okay, back to sleep with you.
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PapaDave
PapaDave
3 years ago
Reply to  TheWindowCleaner
Your pet economic theory will never be implemented. Better to deal with the real world. Such as how high oil prices will go.
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TheWindowCleaner
TheWindowCleaner
3 years ago
Reply to  PapaDave
Certainly not with cynics like yourself. And by the way, in my book I show how we can deal with commodity exchanges in a mutually beneficial way for investors and the individual consumer as well as end anti-social financialization of same.
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PapaDave
PapaDave
3 years ago
Reply to  TheWindowCleaner
Lol! I have no say in implementing economic policies. Same as you.
All I can do is take advantage of the policies that exist.
I can’t be bothered to waste my time on what people think is a great policy “on paper”. Then when someone has a chance to actually implement these policies, reality has a way of punching them in the face.
Liz Truss, the Libertarian, actually had a chance to implement her wish list of economic policies. How did that work out?
By the way; what are you invested in and why?
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TheWindowCleaner
TheWindowCleaner
3 years ago
Reply to  PapaDave
In other words you are just an angry cycnical and apathetic part of the problem. Truss, who didn’t have the right program got clobbered by finance who didn’t want their dirty secret that deficit spending by a sovereign currency issuer actually benefits a nation…so they politically offed her.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  TheWindowCleaner
Human society has a long history of innovation. Without a doubt, a time will come when it invents new economic systems. That time is NOT now. The problems we face are NOT about ‘the monopoly paradigm of finance.’ They have to do with government becoming the lowest form of life: self-serving, power hungry, manipulative, wasteful, inefficient, irresponsible…
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TheWindowCleaner
TheWindowCleaner
3 years ago
Reply to  Captain Ahab
Unfortunately humans have a bad tendency to be passive until disaster strikes. The deepest core of the problem IS the monopoly paradigm of finance. How could it not be? We live in advanced finance capitalism after all. Government, which indeed is disintegrating right along with the economy is just a smaller set within the bigger problem.
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Maximus_Minimus
Maximus_Minimus
3 years ago
Liz Truss was just an ordianary incompetent prime minister.
Her downfall was that she jumped into the job when the greatest financial disaster ever was just unfolding.
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StukiMoi
StukiMoi
3 years ago
Reply to  Maximus_Minimus
The greatest financial disaster ever was, and is, central banking. Going back at least as far as that meteor which boiled away the oceans and wiped out the dinosaurs. That one may have been just about on par.
Along with all the cancers which have grown as a result of it (central banking that is. Not the meteor). More so in Britain than almost anywhere.
All of them; as in every.single.one being wiped out completely and without replacement by anything; overnight; would have been the best thing which could possibly have happened to Britain. Any “saving” of even the tiniest part of the “System” currently in place, serves absolutely no other purpose than prolonging, and making ever greater, that undifferentiated, not one single redeeming quality whatsoever, disaster.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  Maximus_Minimus
I did some research on Truss. Highly intelligent, hard working, very experienced. She would have been successful in any other time.
What went wrong could fill a book–Britain needs a ‘bulldog’ to get them out of the quagmire. Her party should have backed her up.
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Jack
Jack
3 years ago
Reply to  Captain Ahab
Her downfall was the lack of managing the change.
She just went full steam ahead but did not realize you cannot do this without having a crisis.
She needed to get in power and manage the change before implementing her big agenda.
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Maximus_Minimus
Maximus_Minimus
3 years ago
Reply to  Captain Ahab
The point was; if Thatcher did the tax cuts of this magnitude, nothing would have happened.
The British financial system was insulated, not leveraged to the hilt, and not suffering from a long period of dysfunction.
Let’s not cunfuse single-mindedness with intelligence, and intelligence with wisdom.
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FirstBlood
FirstBlood
3 years ago
The UK “installed” her so NOBODY CARES .. proves you can put in puppets but the world knows .. nobody respects it and the world laughs. Boris the 🤡
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whirlaway
whirlaway
3 years ago
Nice. The Zelenskyy Curse has struck the UK again! It will come to the US as well in 19 days, and will castrate Ol’ Man Joe.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  whirlaway
Remember, after Joe comes Kamala. If Repubs take the House and Senate, then what?
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whirlaway
whirlaway
3 years ago
Reply to  Captain Ahab
I think they are better off if they take just the House, and the Senate remains 50-50. The next 2 years will be marked by high inflation, severe recession, strikes, and the war in Ukraine will turn into such an obvious disaster for NATO and the West that everybody except the most ardent Dumbocrat voters will clearly see it for what it is. It is good to go into the 2024 elections trailing 1-2, i.e. with just the House but no Senate and no White House, rather than leading 2-1.
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MarkraD
MarkraD
3 years ago
I don’t know a thing about any of them aside Boris, whom I recall being fired for partying ..I, think.
What the hey, global leaders a more festive attitude anyway, I pick Bo-Jo.
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MPO45
MPO45
3 years ago
The UK waiting for another hero huh. Where is Nickelback when you need him.
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MarkraD
MarkraD
3 years ago
Reply to  MPO45
My God, it’s been 20 years
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MPO45
MPO45
3 years ago
Reply to  MarkraD
Is that how long you’ve been waiting for a hero? Try profits instead.
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MarkraD
MarkraD
3 years ago
Reply to  MPO45
Absolutely.
I never bet with the herd, most of my portfolio is boring….WSB would laugh at me.
And, internet advice is usually contrarian. (Check out AAII)
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Siliconguy
Siliconguy
3 years ago
Reply to  MPO45
Fire up the Bonnie Tyler tune, Holding out for hero seems appropriate.
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MarkraD
MarkraD
3 years ago
Reply to  Siliconguy
You’re old, ask me how I know…
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TexasTim65
TexasTim65
3 years ago
Reply to  Siliconguy
I prefer the Jennifer Saunders version in Shrek 2.
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TexasTim65
TexasTim65
3 years ago
Wrote this in the other thread so reposting plus adding a bit more…
What a legacy she had in just 45 days:
1) Buried a Monarch
2) Buried the Pound
3) Buried the Tory Party
How many leaders have ever accomplished so much during their own rule regardless of time in office.
Given there is already a book, I think maybe a mini-series. Remember the show 24, where the premise was 24 episodes each one an hour long and representing 1 real life hour? Her show could be 45 half hour episodes (22.5 hrs) with each episode representing 1 day in office and what happened that day. In addition to the 3 things above you have the debacles of hiring and firing various exchequers (at least 3 episodes devoted to this), a budget announcement one episode and cancellation the next etc. Pure comedy gold and if it was made as a fiction show no one would believe you could pack that much dysfunction into just 45 days.
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ajc1970
ajc1970
3 years ago
Meet the new boss, same as the old boss
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goldguy
goldguy
3 years ago

Like trump, she found out she had no power to turn her country around.

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StukiMoi
StukiMoi
3 years ago
Reply to  goldguy
No power; no clue; not much, if any, in the way of a “country” to “turn around” anyway. Failed clowns in failed societies in the final stages of evolutionary dead ends.
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