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At 1:35 pm, Truss announced her resignation as the leader of the Conservative Party and as prime minister. She gave the following 89-second-long statement: I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills.
An 11 October column in The Economist titled "Liz Truss has made Britain a riskier bet for bond investors" stated that, after deducting the ten-day mourning period following the death of Queen Elizabeth II, Truss had caused economic and political turmoil after just seven days in power, comparing that duration to the "shelf-life of a lettuce".
Campaign logo. Liz Truss launched her bid to succeed Boris Johnson on 10 July 2022. [4] During the July–September 2022 Conservative Party leadership election, Truss pledged to cut taxes by scrapping the National Insurance rise that had previously been announced in April 2022, scrapping the recent corporation tax rise and she also promised to remove green energy levies.
As he left Downing Street, Mr Malthouse said it was “most important job in Whitehall”. 9.52pm. WATCH: Liz Truss begins appointing Cabinet after becoming PM 9.49pm. Liz Truss spoke with Joe ...
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After just seven weeks in No 10, she will hand over to new Tory leader Rishi Sunak.
The Truss ministry began on 6 September 2022 when Liz Truss was invited by Queen Elizabeth II—two days before the monarch's death—to succeed Boris Johnson as prime minister of the United Kingdom. Johnson had resigned as leader of the Conservative Party the previous day after Truss was elected as his successor. [ 1 ]
Liz Truss has given a notably short resignation speech outside No 10, reflecting the record-breaking brevity of her time as Prime Minister. After only 44 days in office, the outgoing leader spent ...