Liz Truss's resignation statement in full

‘I cannot deliver the mandate on which I was elected’: Read and watch Liz Truss’s resignation statement in full as the outgoing PM quits on the steps of No10 Downing Street

Liz Truss has announced her resignation after a chaotic 44 days in office during which she lost the confidence of Tory MPs and the public and oversaw economic turbulence.

She is set to become the shortest serving Prime Minister in history after she battled an open revolt from Conservatives demanding her departure.

Speaking from a lectern in Downing Street, Ms Truss said she had told the King she was resigning as the leader of the Conservative Party as she recognised she ‘cannot deliver the mandate’ which Tory members gave her little over six weeks ago.

Read Miss Truss’s statement in full: 

Prime Minister Liz Truss  resigning on the steps of No10 Downing Street

‘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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