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I was faced with “great economic and international instability” – Liz Truss says as she resigns as UK Prime Minister

The Prime Minister of the United Kingdom who has resigned from her post, Liz Truss says she came into at a time of “great economic and international instability”.

The Prime Minister of the United Kingdom who has resigned from her post, Liz Truss says she came into at a time of “great economic and international instability”.

She announced her resignation on Thursday, October 20.

Speaking outside Downing Street, she said she had told King Charles she was resigning as leader of the Conservative Party.

In front of dozens of reporters, she says she came into office at a time of “great economic and international instability”.

READ MORE: Discussions with IMF have progressed quite well – Adu Boahen

She added: “I recognize… given the situation I cannot deliver the mandate on which I was elected by the Conservative Party.”

This comes a few days after sacking her first Finance Minister of Ghanaian origin, Kwasi Kwarteng.

Mr. Kwarteng was sacked on October 14 amidst the government’s tax cuts believed to have sparked financial market turmoil.

In a letter reacting to his dismissal, he said “You have asked me to step aside as your Chancellor, I have accepted.

“When you asked me to serve as your Chancellor,  I did so in the full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth, and change was right.

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Source:3new.com

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