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Complete details why Liz Truss – UK Prime Minister Resigned

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Complete details why Liz Truss – UK Prime Minister Resigned

Liz Truss, UK Prime Minister has announced her resignation following a controversy bordering on issues of the economy, ENigeria Newspaper reports.

A new power struggle has already broken out within the dominant Conservative Party as a result of Liz Truss’ resignation. The party has been losing popularity from the public for the past year and has now lost both Boris Johnson and Truss in the span of a few months.

Liz Truss was pressured to resign by a stream of Conservative MPs, and she finally gave in on Thursday.
The possibility of having a third different leader take office in Britain since the country’s most recent general election is an unusual occurrence in a period of peace and will raise severe concerns about the legitimacy of the current administration and fuel calls for a new election.

For a party that won a landslide victory under Johnson in a December 2019 election that was won on the then-vow leader’s to deliver Brexit, it is a remarkable fall from grace.

Liz Truss said a new leader will be chosen in a week during an accelerated leadership competition that will take place soon.
Rishi Sunak, the former chancellor who came in second to Truss in the leadership race before Truss passed both of them in the final round of voting, Penny Mordaunt, the leader of the Commons, and Jeremy Hunt, the current finance minister, are figures who might be in the running. Liz Truss turned to Hunt after dismissing Kwarteng on Friday.

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And a potential return to frontline politics for Boris Johnson has not been ruled out, with some of Johnson’s allies in the Commons claiming in recent weeks that moving to remove him was a mistake.

ENigeria Newspaper understands that Liz Truss resigned on Thursday as a result of a disastrous tax-cutting budget that shook the financial markets and sparked a rebellion within her own Conservative Party.

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 the freedoms 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.”

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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.

Just before the meeting, a Downing Street spokesperson told reporters Truss wanted to stay in office.

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.

ENIGERIA NEWSPAPER

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