UK's Liz Truss wishes Rishi Sunak 'every success' as she exits power

"We continue to battle through a storm but I believe in Britain, I believe in the British people and I know that brighter days lie ahead," she said. 

Published: 25th October 2022 03:19 PM  |   Last Updated: 25th October 2022 03:22 PM   |  A+A-

Rishi Sunak and Liz Truss

Rishi Sunak and Liz Truss. (Photo | AP)

By Online Desk

LONDON: Britain's outgoing Prime Minister Liz Truss, in a farewell speech from Downing Street, wished her successor Rishi Sunak "every success" on Tuesday as she extolled some achievements of her time in power.

"We continue to battle through a storm but I believe in Britain, I believe in the British people and I know that brighter days lie ahead," she said, before heading to Buckingham Palace to formally resign.

Truss was speaking after chairing her final Cabinet meeting at 10 Downing Street before heading towards Buckingham Palace to formally tender her resignation to King Charles.

In her farewell speech, Truss said it was "a huge honour" to be prime minister and to lead the nation in mourning the death of Queen Elizabeth II and welcoming the accession of King Charles III.

Truss, who stepped down last Thursday after 45 days in office becoming Britain's shortest-serving Prime Minister, said that her government had acted "urgently and decisively" to help hard-working families.

She said she had helped thousands of businesses to avoid bankruptcy, and taken back energy independence so we're "no longer reliant on malign foreign powers".

She will hand over power to Rishi Sunak, who was elected unopposed as the new leader of the governing Conservative Party on Diwali.

ALSO READ | Indian-origin Rishi Sunak to be appointed UK PM today

The 42-year-old former Chancellor of Exchequer, a devout Hindu, will enter 10 Downing Street to be the youngest British prime minister in 210 years after his audience with King Charles III at Buckingham Palace, which is likely to be on Tuesday.

He will be the first Hindu Prime Minister of Indian heritage in the UK.

Truss on Monday congratulated Sunak on being appointed as Leader of the Conservative Party and next Prime Minister, saying "You have my full support."

She remained "more convinced than ever" that Britain needed to be "bold" in confronting the challenges it faced.

The outgoing prime minister won on a mandate to slash taxes to spark economic growth, but she was forced to U-turn on almost all of her economic policies after her mini-budget sent the markets into financial turmoil and the Pound Sterling crashing.

Sunak had famously challenged Truss' plans as "fairy-tale economics", and his supporters repeatedly pointed out how he had got the big calls right and was therefore the right candidate to restore economic credibility.

(With inputs from AFP and PTI)


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