Liz Truss has resigned as Prime Minister of UK after just six weeks in office, her stepping down comes from the back of an unpopular economic programme that sent shockwaves in the market and divided her Conservative party.
In her speech she said… We delivered on energy bills and on cutting national insurance. We have continued to stand with Ukraine and to protect our own security.
And we set out a vision for a low-tax, high-growth economy – that would take advantage of the freedoms of Brexit.
I recognise however that, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty The King to notify him that I am resigning as Leader of the Conservative Party.
There will be a leadership election to be completed in the next week.
This will ensure we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security. I will remain as Prime Minister until a successor has been chosen
A leadership election will be completed within the next week to replace Truss, who is the shortest-serving prime minister in British history. George Canning previously held the record, serving 119 days in 1827 when he died.
“I recognise though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” she said.
Earlier, Conservative Party officials had gathered at Downing Street while a growing number of her own lawmakers called on her to quit.
The election to replace Truss as leader of the Conservative Party should take place by Oct 28, said the official in charge.
