Liz Truss has made history, though likely not in the way she had hoped. CNBC and the AP report that the British prime minister resigned on Thursday after weeks of upheaval sparked by her economic plan, announced last month and since largely abandoned after it spooked financial markets. What you need to know:
- In making the announcement, she said, "I cannot deliver the mandate on which I was elected"—just a day prior she had emphasized she was "a fighter and not a quitter."
- But Truss couldn't hold on any longer after a senior minister quit her government with a barrage of criticism and a vote over fracking for shale gas—a practice that Truss wanted to resume despite opposition from many Conservatives—descended into chaos and acrimony Wednesday evening in the House of Commons.