Under fire over mini-budget debacle, Liz Truss resigns as UK Prime Minister
UK Prime Minister Liz Truss resigned on Thursday, bringing an end to a controversial reign amid fallout over her ambitious tax cut policy.
“I recognise, given the situation, I cannot deliver the mandate on which I was elected. I have spoken to King Charles to notify him I’m resigning as leader of the Conservative Party,” Truss said.
In a bid to survive the political crisis, Truss had ripped up the mini-budget that caused turmoil in financial markets and replaced Kwasi Kwarteng as chancellor with Conservative leader Jeremy Hunt. The cost of government borrowing rose and the pound fell further following her press conference announcing the changes.
The estimated GBP 45 billion worth of tax cuts without a detailed funding plan to back them up were seen as disastrous for the UK economy at a time when inflation was already soaring.
Her resignation comes a day after Truss announced in Parliament that she is a fighter and not a quitter amid boos from opposition MPs.
Incidentally, the Conservative party leader’s resignation comes on the same day as Suella Braverman’s quitting the post of home minister.
She had cited concerns over the direction of Prime Minister Liz Truss’s government as one of the reasons behind her decision to quit the post.
Braverman’s exit and now Truss’s resignation was preceded by a 90-minute shouting match in the Commons that gave a clear picture of the mess Truss was in, reported the Daily Mail.
Chief Whip Wendy Morton and her deputy Craig Whittaker appeared to quit after Miss Truss reversed her plan to expel Tory MPs who voted against the government on fracking.
Amid chaos in the Commons, Deputy Prime Minister Therese Coffey and Business Secretary Jacob Rees-Mogg were accused of ‘manhandling’ MPs through the voting lobbies – a claim both ministers denied.
As the government’s discipline collapsed, Whittaker was heard telling his colleagues, “I am f**ing furious and I don’t give a f** anymore.”
A YouGov poll of Tory members has found 69 per cent would vote for Boris Johnson to replace Truss as the head of the government.
It was Boris’s exit, following a slew of scandals, that led to Truss’s elevation and her subsequent exit.
Braverman’s exit and now Truss’s resignation was preceded by a 90-minute shouting match in the Commons that gave a clear picture of the mess Truss was in, reported the Daily Mail.
Chief Whip Wendy Morton and her deputy Craig Whittaker appeared to quit after Miss Truss reversed her plan to expel Tory MPs who voted against the government on fracking.
Amid chaos in the Commons, Deputy Prime Minister Therese Coffey and Business Secretary Jacob Rees-Mogg were accused of ‘manhandling’ MPs through the voting lobbies – a claim both ministers denied.
As the government’s discipline collapsed, Whittaker was heard telling his colleagues, “I am f**ing furious and I don’t give a f** anymore.”
A YouGov poll of Tory members has found 69 per cent would vote for Boris Johnson to replace Truss as the head of the government.
It was Boris’s exit, following a slew of scandals, that led to Truss’s elevation and her subsequent exit.