The United Kingdom’s Prime Minister, Liz Truss, on Thursday, reportedly stepped down from her role. Coming barely two months after coming into office, Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets leading to a revolt within the 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 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 announce that I am resigning as leader of the Conservative Party.”
Her resignation follows a meeting with Conservative politician Graham Brady. Brady chairs the 1922 Committee — the group of Conservative MPs without ministerial positions who can submit letters of no confidence in the prime minister. He is in charge of leadership votes and reshuffles.