UK PM Liz Truss resigns after only 45 days in office: As it happened
LIVE UPDATES: UK PM Liz Truss Resigns: In a major development in the UK politics, Liz Truss has resigned as British Prime Minister. She has resigned after just 45 days in office. Here are all the LIVE UPDATES:-
LIVE UPDATES: UK PM Liz Truss Resigns: In a major development in the UK politics, Liz Truss has resigned as British Prime Minister. She has resigned after just 45 days in office. Here are all the LIVE UPDATES:-
Latest Updates
Addressing reporters outside 10 Downing Street, Truss, noting that she came into office at a time of "great economic and international instability", said: "I recognise... given the situation I cannot deliver the mandate on which I was elected by the Conservative Party."
Sunak, who lost out to Truss' now failed tax-cutting agenda in the leadership race last month, is seen as a key contender to step up to the post. But the picture remains extremely uncertain due to deep infighting within Tory ranks. Loyalists of former Prime Minister Boris Johnson believe the party should bring him back, given his solid electoral mandate from the 2019 general election. However, Truss' current troubles are themselves reminiscent of how Johnson was dragged out of office and forced to resign in early July amid an open revolt by a growing number of his MPs and ministers.
British Prime Minister Liz Truss was facing an open revolt against her leadership as an increasing number of Conservative Party MPs call for her to resign amid mounting chaos at the heart of the UK government, with all eyes now on former chancellor Rishi Sunak to be parachuted in to take charge.
Liz Truss resigns as British Prime Minister after just 45 days in office, reports news agency PTI.
Earlier, it was reported that British Prime Minister Liz Truss is due to make a statement in Downing Street amid intense speculation about her future.
Thursday's expected move comes after Truss held a hastily arranged meeting with a Conservative official tasked with assessing whether the prime minister still has the support of Tory members of Parliament.
A growing number of lawmakers is calling for Truss to resign after weeks of turmoil sparked by her economic plan, announced last month and since largely abandoned after it spooked financial markets.