Liz Truss' power is 'ebbing away' says Caroline Slocock
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Liz Truss has stepped aside for a speedy Conservative Party leadership election today, with the short-lived PM claiming she has no mandate. She told viewers she met with the 1922 Committee this morning to decide a way for the party to progress. The Tories now aim to find a new leader within the week.
Ms Truss said: “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 country has 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 have 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 and maintain our country’s economic stability and national security.
“I will remain as Prime Minister until a successor has been chosen. Thank you.”
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