October 2022 Conservative Party leadership election cause resignation
The October 2022 Conservative Party leadership election was triggered by Liz Truss's announcement that she would resign as Leader of the Conservative Party and Prime Minister of the United Kingdom, amid an economic and political crisis.In the July-September 2022 Conservative Party leadership election, Truss was elected to succeed Boris Johnson, who had resigned in an earlier government crisis following a string of controversies that characterised Johnson's premiership and severely damaged his personal reputation. Truss was appointed prime minister by Queen Elizabeth II two days before the monarch's death; her government's business was subsequently suspended during a national mourning period of 10 days. To tackle the cost of living and energy supply crises, Truss's government announced the Energy Price Guarantee to limit energy prices for households, businesses and public-sector organisations. Her government then announced large-scale borrowing and tax cuts in a mini-budget, which was widely criticised and largely reversed, having led to financial instability. Facing mounting criticism and loss of confidence in her leadership, Truss announced that she would resign as leader of the Conservative Party, and also announced that she would remain as prime minister until a successor was elected.