UK Prime Minister Liz Truss resigns after failed budget and market turmoil

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

BREAKING: U.K. Prime Minister Liz Truss resigns after a failed budget and market turmoil.

On Sept. 23, Truss' finance minister, Kwasi Kwarteng, announced a so-called "mini-budget" which began a turbulent period for U.K. bond markets which balked at the debt-funded tax cuts he put forward.Prime Minister Liz Truss announces her resignation at 10 Downing Street on October 20, 2022 in London, England.LONDON — U.K.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Seems minor compared to what Biden has done.

Guess they didn't Truss her

Well, she didn’t last long haha When people truly open their eyes to conservatism, then none of them should!

United States United States Latest News, United States United States Headlines