Main menu

Pages

A timeline of what will happen after the resignation of British Prime Minister Liz Truss

featured image

Truss, who resigned after only 45 days in office, became Britain’s shortest-serving prime minister in history and the third Conservative Party leader to be ousted in recent years.

Dan Kitwood | Getty Images News | Getty Pictures

LONDON — British Prime Minister Liz Truss resigned on Thursday after just 44 days in office, firing the starting gun in another Conservative Party leadership contest.

This means that Truss is Britain’s shortest-serving prime minister in history and the third Conservative leader to resign in years. His resignation begins the search for a new leader at a time when the country faces a worsening cost of living crisis and an impending economic recession.

His brief speech on Thursday confirmed that he no longer has the mandate to govern after a failed tax cut budget that shook financial markets and sparked revolt in his political party.

As Conservative candidates race to garner the support of their peers, let’s take a look at how the process of finding the UK’s next prime minister will work out.

What will happen now?

The race to find a replacement for Truss has already begun.

Conservative politician Graham Brady, who oversees leadership votes and reshuffles, revealed on Thursday how the fast-paced leadership election will go this time.

Brady said he hopes the process will be concluded by October 28, but the outcome could come much earlier than that, potentially as early as Monday evening.

Candidates vying to replace Truss as prime minister have until 14:00 London time on Monday to garner the support of at least 100 Conservative Members of Parliament to run. It has a particularly high candidacy bar for a party of 357 deputies, and limits the number of candidates that can run for leadership to a maximum of three.

Nominations can be accepted via signature or email, Brady said, followed by a vote as needed. He told reporters that lawmakers will have the chance to hear from the nominated candidates at a meeting Monday afternoon, but that these will be held behind closed doors.

Graham Brady, UK MP and chairman of the 1922 Committee, speaks to the media outside Parliament House in London, UK, Thursday 20 October 2022.

Bloomberg | Bloomberg | Getty Pictures

If only one candidate gets 100 nominations on Monday, they will become the party’s next leader and the new prime minister.

If there are two candidates with 100 nominations, a decisive vote will take place on Monday afternoon to show each one’s support in the party. It is thought that the candidate with the fewest votes can resign at this stage to avoid online voting among party members.

If there are three candidates competing on Monday, the candidate with the fewest votes in the results announced at 18:00 London time will be eliminated. Then the decisive ballot papers of the remaining two candidates will be made and the result will be announced that evening.

The race to become Britain’s next prime minister, and the fifth since the Conservatives took power in 2010, has yet to see anyone announce their intention to run.

Dan Kitwood | Getty Images News | Getty Pictures

Conservative Party Chairman Jake Berry said on Thursday it was decided that if the party put forward two candidates, there would be “an expedited, binding online voting of Conservative Party members”.

In this scenario, Conservative members would participate in an online vote to elect the next leader of the party.

Voting will close at 11:00 am London time on 28 October and the winner will be announced later that day.

Who’s on the run?

The race to become Britain’s next prime minister, and the fifth since the Conservatives took power in 2010, has yet to see anyone announce their intention to run.

However, former Finance Minister Rishi Sunak, former Defense Secretary Penny Mordaunt, and former Prime Minister Boris Johnson – although he was sacked just three months ago – are thought to be among the main contenders.

What happens after the winner is announced?

Once the winner of the leadership contest is declared, King Charles of England will ask them to form a government, making them the next prime minister in the process.

After that, the new prime minister will not have much time to prepare before the announcement of the medium-term fiscal plan scheduled for 31 October.

.

Comments