The prime minister has been speaking outside Downing Street to announce her resignation.
Having spent just 45
days in office, Liz Truss announced she is stepping down with a Conservative
Party leadership election to take place within the next week.
Here is her speech in full:
“I came into office at a
time of great economic and international instability.
“Families and businesses
were worried about how to pay their bills.
“Putin’s illegal war in
Ukraine threatens the security of our whole continent and our country has been
held back for too long by low economic growth.
“I was elected by the
Conservative Party with a mandate to change this.
“We delivered on energy
bills and on cutting National Insurance.
“And we set out a vision
for a low tax high growth economy that would take advantage of the freedoms of
Brexit.
“I recognise, 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 notify him that I am resigning as leader of the
Conservative Party.
“This morning, I met the
chairman of the 1922 committee, Sir Graham Brady.
“We’ve agreed 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.
“I will remain as prime
minister until a successor has been chosen.
“Thank you.”
Source: Myjoyonline