Liz Truss shortest-serving PM as King formally accepts her resignation
In her farewell speech, she praised the tax-cutting agenda that sparked economic chaos and led to her downfall.
Liz Truss has become the shortest-serving prime minister in history after the King accepted her resignation so new Conservative leader Rishi Sunak can take power.
The King was “graciously pleased to accept” her resignation after just 49 days in office when they met on Tuesday morning, Buckingham Palace said.
She was driven to the palace after using her farewell speech to stress the need to be “bold” as she defended the tax-cutting agenda that sparked economic chaos and led to her downfall.
She warned from Downing Street that the nation continues to “battle through a storm” but insisted she believes that “brighter days lie ahead”.
“From my time as Prime Minister, I’m more convinced than ever that we need to be bold and confront the challenges we face,” she said.
“We simply cannot afford to be a low-growth country where the Government takes up an increasing share of our national wealth and where there are huge divides between different parts of our country. We need to take advantage of our Brexit freedoms to do things differently.”
