Transcript of Liz Truss resignation speech.
After just 44 days in office – the shortest premiership in post war British politics – Liz Truss has resigned as prime minister. On Thursday, 20th October at 1:30pm, Truss announced she was stepping down after a tumultuous two and half months in power.
Here’s the full transcript of her speech:
“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 countries have 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 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, maintain our country’s economic stability and national security.
I will remain as prime minister until a successor has been chosen.