In full: Liz Truss’ speech as she resigns as UK prime minister

LONDON: Liz Truss stated on Thursday (Oct 20) she was resigning as British prime minister, introduced down by her financial programme that despatched shockwaves via the markets and divided her Conservative Celebration simply six weeks after she was appointed.

Beneath is the complete textual content of her speech exterior 10 Downing Avenue:

“I got here into workplace at a time of nice financial and worldwide instability. Households and companies have been apprehensive about how you can pay their payments, Putin’s unlawful battle in Ukraine threatens the safety of our complete continent and our nation has been held again for too lengthy by low financial progress.

“I used to be elected by the Conservative Celebration with a mandate to alter this. We delivered on vitality payments and on slicing Nationwide Insurance coverage. And we set out a imaginative and prescient for a low tax, excessive progress economic system that might reap the benefits of the freedoms of Brexit.

“I recognise although, given the state of affairs, I can’t ship the mandate on which I used to be elected by the Conservative Celebration. I’ve subsequently spoken to His Majesty the King to inform him that I’m resigning as chief of the Conservative Celebration.

“This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We have agreed that there will likely be a management election, to be accomplished throughout the subsequent week. This may be certain that we stay on a path to ship our fiscal plans and keep our nation’s financial stability and nationwide safety.

“I’ll stay as prime minister till a successor has been chosen. Thanks.”