{"id":1703201,"date":"2022-10-20T08:41:57","date_gmt":"2022-10-20T12:41:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1703201"},"modified":"2022-10-20T09:58:04","modified_gmt":"2022-10-20T13:58:04","slug":"liz-truss-to-resign-as-uk-pm-after-only-45-days","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liz-truss-to-resign-as-uk-pm-after-only-45-days\/","title":{"rendered":"Liz Truss to Resign as UK PM After Only 45 Days"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fliz-truss-to-resign-as-uk-pm-after-only-45-days%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1703201&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>On Sept. 23, Truss&#8217; finance minister, Kwasi Kwarteng, announced a so-called &#8220;mini-budget&#8221; which began a turbulent period for U.K. bond markets which balked at the debt-funded tax cuts he put forward. Most of the policies were reversed three weeks later by the second finance minister, Jeremy Hunt. British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters<\/p>\n<p>LONDON \u2014 U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.<\/p>\n<p>Truss said in a statement outside Downing Street: &#8220;We set out a vision for a low-tax, high-growth economy that would take advantage of Brexit.&#8221;<\/p>\n<p>&#8220;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.&#8221;<\/p>\n<p>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 \u2014 the group of Conservative MPs without ministerial positions who can submit letters of no confidence in the prime minister.<\/p>\n<p>Just before the meeting, a Downing Street spokesperson told reporters Truss wanted to stay in office.<\/p>\n<p>During the hour the meeting lasted, the number of MPs publicly calling for Truss to step down reached 17. The number who have written letters to Brady expressing no confidence in the prime minister was reported to be over 100 by Thursday.<\/p>\n<p>Truss said outside Downing Street that she and Brady had agreed the party would complete a leadership election within the next week.<\/p>\n<p>Opposition parties Labour and the Liberal Democrats both called for an immediate general election on Thursday afternoon. Labour leader Keir Starmer said: &#8220;The Conservative Party has shown it no longer has a mandate to govern.&#8221;<\/p>\n<p>Controversial &#8216;mini budget&#8217;<\/p>\n<p>On Sept. 23, Truss&#8217; finance minister, Kwasi Kwarteng, announced a so-called &#8220;mini-budget&#8221; which began a turbulent period for U.K. bond markets which balked at the debt-funded tax cuts he put forward. Most of the policies <a href=\"https:\/\/www.cnbc.com\/2022\/10\/17\/uks-new-finance-minister-sets-out-.html\">were reversed three weeks later<\/a> by the second finance minister, Jeremy Hunt.<\/p>\n<p>Truss beat Rishi Sunak to become leader of the Conservative Party following the <a href=\"https:\/\/www.cnbc.com\/2022\/07\/07\/boris-johnson-resigns-as-uk-prime-minister.html\">resignation of Boris Johnson on July 7<\/a>.\u00a0Sunak is now one of the favorites to replace Truss, along with Hunt, another leadership contender Penny Mordaunt, Defense Minister Ben Wallace and former Prime Minister Boris Johnson.<\/p>\n<p><em><strong>This is a breaking news story, please check back later for more.<\/strong><\/em><\/p>\n<p><a class=\"WatchLiveRightRail-wlButton\" href=\"https:\/\/www.cnbc.com\/live-tv\/\">WATCH LIVE<\/a><a class=\"WatchLiveRightRail-wlButtonMobile\" href=\"https:\/\/www.cnbc.com\/live-tv\/\">WATCH IN THE APP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Sept. 23, Truss&#8217; finance minister, Kwasi Kwarteng, announced a so-called &#8220;mini-budget&#8221; which began a turbulent period for U.K. bond markets which balked at the debt-funded tax cuts he put forward. Most of the policies were reversed three weeks later by the second finance minister, Jeremy Hunt. British Prime Minister Liz Truss attends a news &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Liz Truss to Resign as UK PM After Only 45 Days","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1703201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Liz Truss to Resign as UK PM After Only 45 Days","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1703201"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897699"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1703201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1703201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1703201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}