Admin l Thursday, October 20, 2022
LONDON, United Kingdom – Prime Minister of United Kingdom, Liz Truss has resigned as leader of the Conservative Party. Truss resigned after so much pressure following collapse of her major economic policies, which has made the UK a laughing stock in the committee of nation.
Her government has shamefully embarked on economic summersault, with her her tax cut policy reversed, following her appointment of Jeremy Hunt as Chancellor of the Exchequer.
Recall that Richi Sunak, whom she defeated to become British PM had warned against tax cut, which he said will not be in the interest of the British economy. Currently, inflation is currently in double digit.
Truss was questioned repeatedly by her inner caucus of the Conservative Party in parliament but she gave in to pressure even after restating that she remains a fighter.
Addressing journalists at Number 10 Downing Street, Truss said she came to power at a time that the UK was recovering from the COVID-19 pandemic worsened by Russian War in Ukraine.
Truss, a staunch supporter of Gordon Brown who promised to carry on with the UK support of Ukraine to defend Russian aggression said she delivered on energy bills but that it is unfortunate that she is not able to continue.
She said she has informed King Charles that she is resigning but that she will remain as British Prime Minister until a new PM is elected.
“I have informed King Charles that I am resigning as leader of the Conservative Party. I will remain as Prime Minister until a successor is chosen”, 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”, Liz Truss said.
Her resignation is coming just after six weeks in power.