The UK Prime Minister Liz Truss has just resigned, stating that she cannot deliver the mandate given to her by the Conservative Party. This means that there will be a new Prime Minister in the near future, who will have to deal with the ongoing instability in the economy and international relations.
It is unclear what the UK’s relationship with the rest of Europe will be after this new and sudden change in leadership. She was popular in Europe and there may well be some repercussions following her resignation today.
For now, Liz Truss will remain as Prime Minister until a successor is chosen.
The UK Prime Minister’s Statement:
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 had been held back for too long by low economic growth.
I was elected by the Conservative Party with a mandate to change this.
We delivered on energy bills and on cutting national insurance.
And we set out a vision for a low tax, high growth economy – that would take advantage of the freedoms of Brexit.
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 Chair of the 1922 Committee Sir Graham Brady.
We have agreed 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.
Source: UK Government & THX News.