After just 44 days in office the Prime Minister Liz Truss has resigned unable to deliver on the mandate she was elected to. Conservative MPs now have a lot on their shoulders to decide a new Prime Minister in just 1 week. How and who they will choose is beyond believe. Keir Starmer is calling for a general election, backed by the SNP First Minister who say it is the “democratic imperative” and it is a “shabble”.
The party is hugely divided and there is no one MP they all support. Rishi has not said he will stand and has gone quiet as the markets crashed and the crisis they unfolded within the party. Normally under the 1922 Committee a new Prime Minister can not be challenged for a year but without the support of the party Liz Truss had no standing.
Penny Morden, Ben Wallace and Rishi are likely contenders, it is not clear whether there will be a two contenders, or if it will go to party members again the same party member who voted Liz in. A new leader is to be in place by 28th of October.
How the markets have responded to the departure of Liz Truss, is a relative muted reaction.