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Just six weeks into her premiership, Liz Truss resigned as the leader of the Conservative Party on Thursday, making her the shortest-serving prime minister in UK history. At least a dozen Tory MPs had called for Truss's resignation after two of her ministers quit over tax cut U-turns that caused a market meltdown during an already severe cost-of-living crisis.
Follow WION for the latest updates on the present UK political crisis.
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Oct 20, 2022 17:19 IST
Conservative party set high bar for leadership vote
The Conservative Party on Thursday set a high threshold of at least 100 lawmaker nominations for any leadership hopefuls, effectively limiting the race to three candidates.
Nominations will close on Monday and after a vote by Tory MPs, party members will decide the winner in an accelerated online vote with the winner announced on October 28, party managers said.
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Oct 20, 2022 15:21 IST
Ex-PM Theresa may says UK needs a 'sensible, competent' government
The Prime Minister is right to provide a roadmap for an orderly transition.
MPs must now be prepared to compromise. It is our duty to provide sensible, competent government at this critical moment for our country.
— Theresa May (@theresa_may) October 20, 2022
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Oct 20, 2022 13:55 IST
Markets react positively to Liz Truss' resignation
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Markets reacted positively after Liz Truss announced her resignation on Thursday.
The pound rose against the dollar, touching $1.13 at one point before slipping back.
Shares also moved upwards initially on the FTSE 100, and the government's borrowing costs fell.
One analyst told BBC that the reaction of the markets meant they felt "relieved" by Truss's departure despite there still being a lot of uncertainty.
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Oct 20, 2022 13:32 IST
Polls to elect next PM on October 28
UK Conservative Party official says election for next British PM by October 28
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Oct 20, 2022 13:09 IST
Macron hopes Britain's rapid return to stability
French President Emmanuel Macron on Thursday hoped that UK quickly returns to stability after Prime Minister Liz Truss resigned after six weeks in office marred by political and economic chaos.
At an EU summit, Macron said he would not comment on British domestic politics, but added: "It is important that Great Britain regains political stability very quickly, and that is all I wish."
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Oct 20, 2022 13:07 IST
Liberal Democratic leader Sir Ed Davey has also called for general elections
We don't need another Conservative Prime Minister lurching from crisis to crisis.
We need a General Election now and the Conservatives out of power.
— Ed Davey (@EdwardJDavey) October 20, 2022
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Oct 20, 2022 13:01 IST
Liz Truss's resignation 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 had 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 Chair of the 1922 Committee Sir Graham Brady. We have agreed 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. Thank you .
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Oct 20, 2022 12:57 IST
Labour and Liberal Democrats call for immediate general election
Labour party leader Keir Starmer has called for an immediate general election.
In a statement following Liz Truss’s resignation, Starmer said:
The Conservative Party has shown it no longer has a mandate to govern. After 12 years of Tory failure, the British people deserve so much better than this revolving door of chaos. In the last few years, the Tories have set record-high taxation, trashed our institutions and created a cost-of-living crisis. Now, they have crashed the economy so badly that people are facing £500 a month extra on their mortgages. The damage they have done will take years to fix. Each one of these crises was made in Downing Street but paid for by the British public. Each one has left our country weaker and worse off. The Tories cannot respond to their latest shambles by yet again simply clicking their fingers and shuffling the people at the top without the consent of the British people. They do not have a mandate to put the country through yet another experiment; Britain is not their personal fiefdom to run how they wish. The British public deserve a proper say on the country’s future. They must have the chance to compare the Tories’ chaos with Labour’s plans to sort out their mess, grow the economy for working people and rebuild the country for a fairer, greener future. We must have a chance at a fresh start. We need a general election - now.
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Oct 20, 2022 12:55 IST
Chancellor Jeremy Hunt not running to be PM
Chancellor Jeremy Hunt has confirmed he will not stand to be the next Conservative leader and UK prime minister.
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Oct 20, 2022 12:52 IST
UK PM Liz Truss's successor to be elected next week
British Prime Minister Liz Truss on Thursday said her successor will be elected next week.
"A leadership election for MPs to select her successor will be "completed within the next week," she said.
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Oct 20, 2022 12:46 IST
Betting Odds UK says Rishi Sunak favourite to become PM
BREAKING BREAKING BREAKING: LIZ TRUSS HAS RESIGNED.
RISHI SUNAK IS THE FAVOURITE TO BE THE NEW PM! ???
18+ | BeGambleAware
— BettingOdds (@BettingOddsUK) October 20, 2022
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Oct 20, 2022 12:35 IST
UK Prime Minister Liz Truss resigns
I recognise that given the situation, I cannot deliver the mandate... -I am resigning as the leader of Conservative Party.
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Oct 20, 2022 11:46 IST
No 10 expects Liz Truss to continue beyond October 31
Downing Street has denied that there is any change to Liz Truss’s plan to stay in No 10 beyond the fiscal plan on October 31.
A spokesperson for the prime minister told reporters, "No plans for any change. The prime minister will continue beyond the 31st."
"She’s also working with the chancellor on delivering economic stability and growth."
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Oct 20, 2022 11:33 IST
13 Conservative MPs have called on Truss to resign
At least 13 MPs have publicly called on the prime minister to resign. They are:
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Crispin Blunt
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Andrew Bridgen
- Jamie Wallis
- Angela Richardson
- Sir Charles Walker
- William Wragg
- Sheryll Murray
- Gary Streeter
- Henry Smith
- Steve Double
- Miriam Cates
- Siobhan Baillie
- Matthew Offord
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Oct 20, 2022 11:31 IST
PM expected to lead Tories into next election
Transport Secretary Anne-Marie Trevelyan refused five times to say that Liz Truss will lead the Conservative Party into the next general election.
The Prime Minister's Official Spokesman was just asked the following: Does the Prime Minister still think she will lead the Tories into the next general election?
The spokesman replied: “Yes.”
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Oct 20, 2022 11:29 IST
UK PM Truss urges focus on 'priorities' after 'difficult day'
UK Prime Minister Liz Truss said she had a "difficult day" yesterday after Susuella Braverman resigned over national security breach.
She wants the government to focus on its priorities, her official spokesman said on Thursday.
"The prime minister acknowledges yesterday was a difficult day," the spokesman said after Truss faced opposition jibes, MPs' rebellion and the resignation of a key minister. Truss wants the government to focus "less on politics" and more on "delivering priorities", he added.
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Oct 20, 2022 11:26 IST
Liz Truss meets 1922 Committee chief over growing calls for her resignation
According to British media reports, Liz Truss is meeting the chairman of the 1922 Committee of backbenchers as calls grow among Conservative MPs seeking her resignation.
The 1922 Committee oversees the election of Conservative leaders.