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posted by takyon on Thursday October 20 2022, @01:45PM   Printer-friendly
from the it's-OK,-she-hasn't-finished-unpacking-yet dept.

UK Prime Minister Liz Truss resigns after failed budget and market turmoil

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."

"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 announce that I am resigning as leader of the Conservative Party."

The party is now due to complete a leadership election within the next week, faster than the usual two-month period. Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles, told reporters he was now looking at how the vote could include Conservative MPs and the wider party members.

Truss was in office for just 44 days, on 10 of which government business was paused following the death of Queen Elizabeth II.

Live updates: BBC, The Guardian, CNN, NYT.

Liz Truss resigns as prime minister after Tory revolt
Liz Truss: UK prime minister resignation speech in full
Pound rallies as Liz Truss announces resignation

Liz Truss (Wikipedia).


Original Submission

 
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  • (Score: 3, Insightful) by cmdrklarg on Thursday October 20 2022, @10:10PM (1 child)

    by cmdrklarg (5048) Subscriber Badge on Thursday October 20 2022, @10:10PM (#1277596)

    Mmm, yes, freedom freedumb. Freedumb to watch their country spiral down the drain.

    Just like the freedumb we have here in the States!

    --
    Answer now is don't give in; aim for a new tomorrow.
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  • (Score: -1, Troll) by HammeredGlass on Thursday October 20 2022, @10:59PM

    by HammeredGlass (12241) on Thursday October 20 2022, @10:59PM (#1277598)

    All the while sending billions to corrupt fascist countries like Ukraine and the State of Israel to make ever more war, agreeing to job killing deals with China to eliminate that "awful" middle class, begging OPEC to hold off on those productions cuts until after the midterms, hiding in the basement, and all of this given to us by Delaware, the most corrupt State in the Union, cuz Warren G. Harding ain't got nothing on The Big Guy.

    btw, tell me you're a sardine without telling me you're a sardine. I'm looking forward to the melting of all of the polar ice as it means the stinking megalopolis on the coasts will finally not smell like piss anymore.