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
UK PM Liz Truss Resigns, Who Next? Apart from beleagured former prime minister Boris Johnson, other potential contenders include House of Commons leader Penny Mordaunt, Defence Secretary Ben Wallace, Foreign Secretary James Cleverly and Braverman.
UK PM Liz Truss resigns, Who next? Loyalists of former prime minister Johnson believe the party should bring him back, given his solid electoral mandate from the 2019 general election.
UK PM Liz Truss Resigns: The 47-year-old outgoing prime minister will stay in charge until her successor is elected by the governing Tory party, with a speeded-up leadership election to be completed by next week.
Truss had succeeded Boris Johnson in early September, after emerging triumphant in the Conservative Party leadership contest over former Chancellor of the Exchequer, Rishi Sunak.
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."
UK`s beleaguered Prime Minister Liz Truss, facing opposition from within the party over her handling of the economy and exit of key ministers, resigned on Thursday.
She has been in office for just 45 days - the shortest tenure of any British prime minister.
Truss said she has told King Charles she is resigning as leader of the Conservative Party.
"I cannot deliver the mandate on which I was elected," she said speaking outside Downing Street.
Embattled British Prime Minister Liz Truss on Thursday announced her resignation after an open revolt against her leadership in 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.
Under the current rules, Truss technically cannot face a leadership challenge for at least 12 months but there are growing murmurs of either a swift change of rules or an ultimatum to her that she no longer has the support of her colleagues.
Sir Graham Brady, the senior-most Tory backbencher as the chair of the 1922 Committee, on Thursday met with her for an unscheduled meeting at Downing Street as at least 13 Tory MPs openly called for Truss to go.
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.
Liz Truss resigns as British Prime Minister after just 45 days in office, reports news agency PTI.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.