U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.
Truss said in a statement outside Downing Street: “We set out a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit.”
The party is now due to complete a leadership election within the next week, faster than the usual two-month period.
Truss has been in office for just 44 days, the shortest serving PM in history. A new Leadership election will be held within a week.
Britain will shortly be on its third prime minister in six weeks. The first time the UK had 3 PMs in a year since 1834.
Just yesterday Liz Truss said: “I’m a fighter not a quitter.”
#Breaking Liz Truss said there would be a leadership election to replace her “to be delivered within the next week” pic.twitter.com/nUIFb0a3W3
— PA Media (@PA) October 20, 2022
Sir Keir Starmer has called for an immediate general election in the wake of Liz Truss’s resignation.
“After 12 years of Tory failure, the British people deserve so much better than this revolving door of chaos."
📸: @DannyLawPhoto pic.twitter.com/MAZZLut2Cn
— PA Media (@PA) October 20, 2022
"What a mess."
Labour leader Sir Keir Starmer says "we can't have a revolving door of chaos" after Liz Truss announced her resignation as prime minister, and calls for a general election.
Read more: https://t.co/98rOX7l07M
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— Sky News (@SkyNews) October 20, 2022
