Liz Truss Resigns As Prime Minister What’s Next For UK Economy?

UK Prime Minister Liz Truss announcement of resigning as leader of the Conservative party has gathered a lot of reaction as she fails to deliver her mandate which is majorly hinged on growing the economy.
Liz Truss will remain as prime minister until a successor is found. Truss was elected by the Tory membership in September, but she lost authority after a series of U-turns on her policies.
Labour Party leader, Sir. Keir Starmer, has responded by calling for a general election.

Earlier the Labour leader Starmer, went head-to-head in Wednesday’s Parliament debate with a number of fiery exchanges with Liz truss over her economic policy she claims will bring about growth.
Economists said her resignation was “a step that needed to happen for the UK government to move further along the path towards restoring credibility in the eyes of the financial markets”.

The head of the CBI business lobby group, Tony Danker, said: “The politics of recent weeks have undermined the confidence of people, businesses, markets and global investors in Britain.
“Stability is key. The next prime minister will need to act to restore confidence from day one.
“They will need to deliver a credible fiscal plan for the medium term as soon as possible, and a plan for the long-term growth of our economy.”


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