Liz Truss has resigned as the Prime Minister of the United Kingdom after just one month in office, Charmingpro reports.
Truss, who became Prime Minister on September 6, resigned today, October 20, following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.
Announcing her resignation, 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 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.”
Her resignation follows a meeting with Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles. Brady chairs the 1922 Committee — the group of Conservative MPs without ministerial positions who can submit letters of no confidence in the prime minister.