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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 Thexalon on Friday October 21 2022, @05:21PM (2 children)

    by Thexalon (636) Subscriber Badge on Friday October 21 2022, @05:21PM (#1277752)

    I'm dismissing it because my experience is that when something's alleged to be necessary on principle, that's a mask for something a lot more concrete.

    For instance, when you say you wanted "out from under the boot of Brussels", that tells me that the EU was making one or more demands from the UK that you believe is oppressive and horrible and the UK should never agree to under any circumstances. But, since you won't tell me what the allegedly-unacceptable demands were, you make it impossible for me or anybody else to evaluate the merits of your objections. So without a clear description of exactly what it is you are getting away from, I'm going to have to assume that the real objection is something you think the rest of us would find unseemly or impolite. In short, you lack the courage to actually declare and stand by what it is you want, and thus force us all to guess.

    It would be like somebody a few years back touting "Remain" on the principle of "coalitions and alliances make us more powerful", when what they actually meant was "I want to be able to easily and discreetly make regular trips to Amsterdam because all the best hookers are there".

    --
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  • (Score: 0, Troll) by HammeredGlass on Friday October 21 2022, @07:55PM

    by HammeredGlass (12241) on Friday October 21 2022, @07:55PM (#1277780)

    I'm sure you can name a dozen things you wish you could ascribe to me, and I am sure that you would misplace the nature of my objection to it as some phobia or ism and your ignorance would remain as it always has, NPC. -- please hold for update --

  • (Score: 2) by FatPhil on Sunday October 23 2022, @02:07PM

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Sunday October 23 2022, @02:07PM (#1277994) Homepage
    They were trying to make our bananas straight! Or gay. Or something. Argle bargle!
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves