My Govt Acted 'Urgently And Decisively' To Help Hard-Working Families, Says Liz Truss In Farewell Speech

Truss claimed in her farewell speech to have saved thousands of businesses from bankruptcy and reclaimed energy independence, claiming that we are "no longer reliant on malign foreign powers."

British Prime Minister Liz Truss makes a statement prior to her formal resignation outside Number 10 in Downing Street on October 25, 2022 in London, England.

Outgoing British Prime Minister Liz Truss said on Tuesday that her government had acted "urgently and decisively" to assist hardworking families and thousands of businesses facing bankruptcy, news agency PTI reported. 

Truss spoke after chairing her final Cabinet meeting at 10 Downing Street before heading to 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, PTI reported. 

Truss, who stepped down last Thursday after 45 days in office becoming Britain's shortest serving Prime Minister. 

Her government, she said, had acted "urgently and decisively" to assist hardworking families.

She claimed to have saved thousands of businesses from bankruptcy and reclaimed energy independence so that we are "no longer reliant on malign foreign powers," PTI reported.

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

Sunak will be appointed to the position after an audience with King Charles III.

After his meeting with King Charles III at Buckingham Palace on Tuesday, the 42-year-old former Chancellor of the Exchequer, a devout Hindu, will enter 10 Downing Street as the youngest British prime minister in 210 years.

He will be the UK's first Hindu Prime Minister of Indian origin.

Truss congratulated Sunak on his appointment as Conservative Party Leader and next Prime Minister on Monday, saying, "You have my full support."

Congratulations @RishiSunak on being appointed as Leader of the Conservative Party and our next Prime Minister.

You have my full support.

— Liz Truss (@trussliz) October 24, 2022

The outgoing prime minister was elected on a promise to cut taxes in order to spur economic growth, but she was forced to reverse almost all of her economic policies after her mini-budget caused financial turmoil and sent the Pound Sterling crashing.

Sunak famously referred to Truss' plans as "fairy-tale economics," and his supporters repeatedly emphasised how he had made the big calls correctly and was thus the right candidate to restore economic credibility.

(With Inputs From PTI)