What will happen after resignation of Liz Truss?

Former UK Prime Minister Liz Truss will now hold the record for the shortest tenure as prime minister of Britain and the third resignation of a Conservative leader in as many years.

When the nation deals with a deteriorating cost of the living issue and a potential economic slump, Liz Truss' resignation launches the search for a new leader.





Here is a look at how the selection of the next prime minister of the United Kingdom is anticipated to proceed as Conservative candidates compete to win the support of their peers.

Nobody has declared their intention to run for office in the race to become Britain's fifth prime minister since the Conservatives came to power in 2010.

Though he was removed from office just three months ago, former Prime Minister Boris Johnson, former Defense Secretary Penny Mordaunt, and former Finance Minister Rishi Sunak are among the leading candidates.

Upcoming Budget

The next prime minister won't have much time to prepare before the anticipated announcement of the medium-term budget plan on October 31.

FAQs

What led to UK Prime Minister Liz Truss' decision to resign?
After a tax-cutting budget that shook financial markets and sparked a rebellion in her political party, she cleared in a brief address on Thursday that she no longer thought she had the power to rule.

Who will invite the winner of the election to form a Cabinet?
King Charles III will then ask the winner of the leadership election to form a cabinet, becoming the country's next prime minister.