why did liz truss resign

Liz Truss resigned because her economic plans triggered a financial crisis, destroyed market and party confidence, and left her unable to command support in Parliament or within the Conservative Party.

Why did Liz Truss resign? (Quick Scoop)

1. The immediate trigger: market chaos

• Truss and her chancellor, Kwasi Kwarteng, announced a “mini-budget” with large, unfunded tax cuts and heavy borrowing, aiming for a low‑tax, high‑growth economy.

• Financial markets reacted badly: the pound slumped, government borrowing costs surged, and pension funds came under pressure, forcing the Bank of England to intervene.

• Facing this turmoil, Truss had to U‑turn on key tax policies and eventually sacked Kwarteng, badly damaging her credibility.

In just a few weeks, the economic plan that was meant to define her premiership became the main reason it collapsed.

2. Loss of political authority

• Many Conservative MPs had never strongly backed Truss in the leadership contest and were uneasy about her agenda even before the economic fallout.

• After the mini‑budget crisis, MPs openly rebelled, publicly criticising her leadership and policy direction and signalling they no longer trusted her judgment.

• Senior ministers resigned or were forced out, including the chancellor and home secretary, making her government look chaotic and unstable.

3. Party and public confidence evaporated

• Polls showed the Conservatives plunging to historic lows and Labour opening a huge lead, with Truss personally deeply unpopular with voters.

• Within weeks, her premiership came to be seen by many commentators and MPs as electorally toxic, increasing pressure from her own party to remove her.

• Truss herself acknowledged she had gone “too far, too fast” with reforms and that she could not deliver the mandate on which she was elected by Conservative members.

4. How the resignation unfolded

• On 20 October 2022, after about 45 days in office, Truss met the chair of the Conservative backbench committee and was effectively told she could not continue.

• Shortly afterward, she made a brief statement outside 10 Downing Street, saying that “given the situation” she could not deliver her mandate and would resign as Conservative leader.

• She agreed to stay on as prime minister only until her party chose a new leader in a fast‑tracked leadership contest.

5. Different viewpoints on why she failed

• Some analysts blame poor policy design : radical tax cuts with no clear funding during a cost‑of‑living crisis and high inflation.

• Others emphasise poor political strategy : appointing mainly loyalists, sidelining critics, and misreading both markets and her own MPs.

• A more structural view points to Conservative Party instability , with multiple leadership changes in a few years creating a fragile environment where any major misstep could be fatal.

On forums and discussion boards, people often sum it up as a mix of “bad economics + bad politics at the worst possible time,” with many highlighting how unusually fast the backlash and collapse in authority were.

6. “Latest news” and longer‑term context

• Truss left office as the shortest‑serving UK prime minister in history, with her brief tenure now widely treated as a cautionary tale about trying to push through radical economic change without building support.

• In later commentary and analysis, her resignation is regularly cited in debates about fiscal responsibility, market confidence, and the internal divisions of the Conservative Party.

TL;DR

Liz Truss resigned because her unfunded tax‑cut plan spooked markets, crashed her credibility, and triggered a rapid loss of support among Conservative MPs, leaving her unable to govern or deliver her promised agenda.

Information gathered from public forums or data available on the internet and portrayed here.