The Rapid Downfall of Liz Truss

<p>Prime Minister Liz Truss of Britain has resigned after only 44 days in office. Hers is the shortest premiership in the country’s history.</p><p>What led to her downfall, and why has Britain entered a period of such profound political dysfunction?</p><p>Guest: <a href="https://www.nytimes.com/by/mark-landler?smid=pc-thedaily">Mark Landler</a>, the London bureau chief for The New York Times.</p><p>Background reading: </p><ul><li>Prime Minister Liz Truss’s resignation,<a href="https://www.nytimes.com/2022/10/20/world/europe/uk-liz-truss-reactions.html"> yet another episode of political instability</a>, only added to Britons’ concerns and frustrations over galloping inflation and a looming economic crisis.</li><li>Her fate was sealed three weeks ago when currency and bond traders reacted to her new fiscal program by<a href="https://www.nytimes.com/2022/10/20/world/europe/liz-truss-britain-resigns.html"> torpedoing the pound and other British financial assets</a>.</li><li><a href="https://www.nytimes.com/2022/10/20/world/europe/replacement-liz-truss.html">Penny Mordaunt, Rishi Sunak and Ben Wallace</a>, all current or former Conservative cabinet members, are seen as candidates to replace Ms. Truss. </li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday. </p>