Prime Minister Liz Truss has resigned as UK prime minister in a statement outside Downing Street.
This happened after meeting Sir Graham Brady, Chairman of the 1922 Committee, Jake Berry (The Party Chair) and Deputy Prime Minister and Deputy Prime Minister, Thérèse Coffey this afternoon.
The committee oversees the election of party leaders, or any Conservative party-led vote of confidence in a current leader. Such a vote can be triggered by 15% of Conservative MPs (currently 53 MPs out of the 357 sitting MPs as of October 2022) writing a letter to the chairman of the committee asking for such a vote.
– The U-turn in her mini-budget
– The sacking of the Chancellor, Kwarteng
– The sacking of Home Secretary, Suella Braverman
– The chaos in the Commons last night
According to her press statement,
“We delivered on energy bills and on cutting national insurance.”
“We have continued to stand with Ukraine and to protect our own security.”
“And we set out a vision for a low tax, high growth economy – that would take advantage of the freedoms of Brexit.”
“I recognise however that, 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.”
“There will be a leadership election to be completed in the next week.”
“This will ensure we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security.”
“I will remain as Prime Minister until a successor has been chosen.” She concluded.
