Liz Truss resigns as prime minister after Tory revolt
News / Thu 20th Oct 2022 pm31 12:57pm
LIZ Truss has dramatically resigned as prime minister after just 45 days in the job.
The PM said her successor will be elected in a Tory leadership contest, to be completed in the next week reports the BBC.
Tory MPs urged Ms Truss to go after her government was engulfed by political turmoil, following the ditching of most of her economic policies.
Her resignation comes after a key minister quit and Tory MPs rebelled in a chaotic parliamentary vote.
Ms Truss was elected by the Tory membership in September, but she lost authority after a series of U-turns.
In a speech outside Downing Street, Ms Truss said: “I recognise that I cannot deliver the mandate on which I was elected by the Conservative Party.”
Ms Truss said she would remain in post until a successor formally takes over as party leader and is appointed prime minister by King Charles III.
Ms Truss – who took office 44 days ago – will become the shortest-serving PM in British history when she stands down.
Labour leader Sir Keir Starmer called for an immediate general election following Ms Truss’s resignation speech.
This is what happens when there is not a strong opposition party for any length of time? Just hope Labour have got their act together. The goal is wide open and the ball is only 1 foot from the net.
Truss secured her place in history, but not for the right reasons. The lesson to be learned is: You can vote Tory or Labour, but the financial markets have the final say.
I have for decades related a story told to me about a class of children in the 1960's who were asked who was the most important person in the country. One pupil said the queen, another said the prime minister, my friend put his hand up and said the bankers. The last few weeks shows nothing changes.
“Never in the field of British politics has so much damage been done by so few”. Great quote!
Dear oh dear what a mess.
i news is reporting that Labour’s fracking vote hailed as one of the most successful opposition motions ever. https://inews.co.uk/news/politics/labour-fracking-vote-most-successful-opposition-motion-ever-experts-1924051 It in part led to the resignation of a Prime Minister, and also exposed that Robert Halfon is in favour of fracking. We already knew that RH was both for and against a windfall tax at the same time. Looks like a strong opposition party to me. As the Tories play musical chairs to find out who their next worst ever leader is, the country gets poorer. We need a General Election now.