The Rapid Downfall of Liz Truss

Prime Minister Liz Truss of Britain has resigned after only 44 days in office. Hers is the shortest premiership in the country’s history.What led to her downfall, and why has Britain entered a period of such profound political dysfunction?Guest: Mark Landler, the London bureau chief for The New York Times.Background reading: Prime Minister Liz Truss’s resignation, yet another episode of political instability, only added to Britons’ concerns and frustrations over galloping inflation and a looming economic crisis.Her fate was sealed three weeks ago when currency and bond traders reacted to her new fiscal program by torpedoing the pound and other British financial assets.Penny Mordaunt, Rishi Sunak and Ben Wallace, all current or former Conservative cabinet members, are seen as candidates to replace Ms. Truss. For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.