Liz Truss steps down as UK PM
First Published: 20th October, 2022 18:43 IST
Truss had been forced to abandon almost all her policy programme after it triggered a bond market rout during her 6 weeks stint as the PM.
Amid the deepening political crisis, Liz Truss has stepped down as the UK Prime Minister. Making her the shortest-serving PM in UK history, Truss confirmed that she has already spoken to the King about her decision, but will remain as Prime Minister until her successor is chosen.
“I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills, Putin’s illegal war in Ukraine threatens the security of our whole continent and our country has been held back for too long by low economic growth.”
“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.”
“This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We’ve agreed that there will be a leadership election, to be completed within the next week. This will ensure that 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. Thank you.”
Truss had been forced to abandon almost all her policy programme after it triggered a bond market rout during her 6 weeks stint as the UK Prime Minister.
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