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British Prime Minister Truss, who has plunged the London financial market into chaos with hasty tax cuts, has finally resigned.
In just 44 days of his inauguration, Truss became the shortest prime minister in British history.
Correspondent Kwak Sang-eun of Paris reports.
British Prime
Minister Liz Truss has announced that he will step down after 44 days in office.
He communicated his resignation to King Charles III, who said he would remain prime minister until a successor was appointed next week.
[Liz Truss / Prime Minister of the United Kingdom: Since he is unable to keep his promise to the Conservative Party, he has resigned to the King.]
To keep his promise at the time of the election, he announced a massive tax cut of 45 billion pounds and 72 trillion won in Korean money last month. One thing was a problem.
London's financial markets were in chaos as the pound plummeted and government bond yields surged along with concerns that the UK's fiscal deficit would skyrocket.
In the end, he withdrew his economic promises such as tax cuts for the rich and the freeze on corporate tax rates, and even replaced his aide, the finance minister, but his broken trust has not been restored.
[Ed Gouda/London finance worker: Truss' promise was 'policy withdrawal' at a good point, and a 'liar' at a bad word.]
The next Conservative party leader and prime minister is expected to be decided next week.
However, as a successor is unknown, and the Labor Party, the main opposition party, is demanding a general election at all, the confusion in the British government is expected to continue for the time being.