Truss Quits As UK Prime Minister
- By The Financial District

- Oct 21, 2022
- 2 min read
Liz Truss said on Thursday, Oct. 20, 2022, she was resigning as prime minister, brought down by her economic program that sent shockwaves through the markets and divided her Conservative Party just six weeks after she was appointed.

Photo Insert: Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.
A leadership election will be completed within the next week, Elizabeth Piper reported for Reuters.
Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.
"I recognize 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," she said.
"This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We've agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country's economic stability and national security," Raw Story also reported.
Reporting for the Associated Press (AP), Jill Lawless said Truss had resigned, bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obliterated her authority.
“It’s official—Liz Truss had the shortest tenure of any prime minister in British history. Just 44 days after arriving in Downing Street, Truss’ regime was officially killed off on Thursday along with the United Kingdom’s ability to pretend any longer that it hasn’t fallen into absolute kakistocracy,” wrote Dan Ladden Hall for the Daily Beast.
“Truss’ disastrous reign was fittingly born of another disaster. Her predecessor Boris Johnson—who attracted scandal the way a dead thing attracts flies—was finally brought down in July over his role in a colleague’s sexual misconduct. With rampant inflation creating a brutal “cost of living crisis” in the U.K., in which rocketing food and energy prices are pushing huge numbers of people into hunger and darkness, Britain was crying out for a serious replacement to Boris’ buffoonery to navigate such serious times,” Hall added.
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