Connect with us

Hi, what are you looking for?

Editor’s Pick

Liz Truss resigns as prime minister

Liz Truss has announced she is resigning after 44 days in office, becoming the shortest-serving prime minister in British history.

She announced that she would stand down after losing the confidence of Tory MPs and cabinet ministers.

She said a successor would be chosen within a week “to deliver our fiscal plans and maintain our country’s economic stability”. It is not clear whether the contest will go to the Conservative membership or if Tory MPs will be asked to crown her successor.

In a statement outside Truss said she could not deliver on “the mandate on which I was elected by the Conservative Party”.

She said: “This morning I met the chairman of the 1922 committee. Sir Graham Brady, We’ve agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security.”

Her resignation will trigger frenetic moves by Tory MPs to find a successor to unite behind without the need for another damaging leadership contest. Her decision to quit means she beats the record of George Canning, who died in 1827 after 119 days as prime minister.

It follows the departure yesterday of Suella Braverman, the home secretary, after a row with Truss on immigraiton policy. She was also blamed for chaotic scenes in the House of Commons after attempting to force a vote on fracking.

Truss’s decision came after she spent more than an hour with Sir Graham Brady, chairman of the 1922 committee. Downing Street said Truss had asked to see Brady to help take the temperature among Tory MPs, rather than because he was telling her to resign. But with backbenchers furious at government chaos it became apparent that Truss could not continue indefinitely in Downing Street.

Thérèse Coffey, the deputy prime minister, and Jake Berry, the party chairman, were seen entering No 10 to join the meeting. Coffey, one of Truss’s closest allies, is likely to have been crucial in helping Truss decide to quit.

Brady has long been seen as the figure who will decide when Truss goes by conveying to her that enough MPs want her to go. Berry will also help decide whether any successor can be chosen purely among MPs or If Tory members must have a say.

Backbenchers believe that a quick MP-only contest is feasible as they struggle to find a unity candidate. The 1922 committee can set the rules for the first stage of the contest in such a way that only one candidate is able to make it through, although this could in theory be challenged by the Conservative party board, chaired by Berry.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

BEIJING – Three Chinese astronauts arrived on Wednesday at China’s space station for the first in-orbit crew rotation in Chinese space history, launching operation of the second inhabited outpost in low-Earth orbit after the NASA-led...

News

STOCK PHOTO Image by Pexels from Pixabay ALMATY – McDonald’s licensee in Kazakhstan was forced to temporarily close its restaurants this month after cutting ties with Russian companies and running out of supplies, three sources with...

News

SINGAPORE – Olivia Chiong and her wife feel like the Singapore government has made clear to them and their two children that they don’t belong in the city-state. So this week’s vote...

Editor’s Pick

The UK’s biggest broadband and mobile operators have today met with the government to follow up on commitments agreed in the summer to support...

News

The International Monetary Fund expects the Philippine economy to expand by 6.5% this year, matching the lower end of the government’s 6.5-7.5% goal. —...

News

FINANCE SECRETARY Benjamin E. Diokno speaks at the BusinessWorld Economic Forum at the Grand Hyatt Manila, Nov. 29. — PHILIPPINE STAR/ KRIZ JOHN ROSALES...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.