On October 20th local time, British Prime Minister Elizabeth Trass issued a resignation statement announcing his resignation as head of the British Conservative Party. Tras said that given the current situation, she cannot fulfill the promises made by the Conservative Party during the election. The election campaign for the new Conservative leader will be held next week. After resigning from the position of head of the ruling Conservative Party of the UK, Tras will also step down as British Prime Minister. 47-year-old Elizabeth Trass has thus become the shortest-term prime minister in British history. It was only 45 days after her official inauguration on September 6.
On September 5, Elizabeth Tras was elected as the leader of the Conservative Party after an internal election of the ruling Conservative Party of the United Kingdom. On September 6, Tras accepted the formal appointment of then-High-Elizabeth II of the United Kingdom, becoming the 56th Prime Minister of the United Kingdom and the third female prime minister in British history.
Tras will temporarily serve as British Prime Minister before electing a new Conservative Party leader.
On the 20th local time, Brady, chairman of the Conservative Party MP group "1922 Committee", said in Parliament that it is possible to end the voting for the Conservative Party leadership election before October 31st on the date of the financial report in October. It is reported that the "1922 Committee" is responsible for formulating the election and replacement rules for Conservative leaders. After the announcement of the news of
, the UK financial market responded smoothly. As of now, the exchange rate of pound against the US dollar has risen slightly, reaching 1:1.13 at one point. The yield on the UK's 10-year Treasury bond fell by about 0.8%, while the UK's FTSE 100 rose slightly by about 0.2%.
Source: CCTV News Client
