Liz Truss' resignation statement in full as she announces she will quit as PM

Watch Liz Truss' resignation speech in full

Liz Truss' speech has been released in full, following her announcement she will be stepping down from the leadership.

The outgoing Prime Minister delivered a resignation statement outside Downing Street on Thursday, following weeks of turmoil.

She 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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