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20th October 2022, 14:45

Liz Truss resigns as Conservative leader; party leadership election to be completed in a week

Published by GBC News

Liz Truss is resigning as Conservative Party leader.

Speaking outside No 10 Downing Street, she said a party leadership election will be completed in the next week. She says she will remain as Prime Minister until a successor has been chosen.

Liz Truss says she delivered on energy bills and cutting national insurance, and set out vision for a "low-tax, high-growth economy". But, she said, "I recognise I cannot deliver the mandate on which I was elected by the Conservative party". She has notified King Charles of her resignation and met with Sir Graham Brady, Chairman of the 1922 Committee.

Liz Truss has been Conservative party leader for 45 days: she becomes the shortest-serving Prime Minister in UK history.

Chief Minister says Business as 'ususal'

Meanwhile, the Chief Minister says as far as Gibraltar is concerned, it's business as usual in the negotiation for a future treaty between Gibraltar and the EU. Fabian Picardo says at UK level the negotiations are handled by officials who ensure continuity, and even if there was a general election in the UK tomorrow, no Conservative or Labour Prime Minister is likely to shift on policy regarding the rights of the people of Gibraltar.

GSD Leader fears "knock on effect on Gibraltar" 

Opposition leader, Keith Azopardi, described Thursday's events as unbelievable, and verging on political soap opera.

He fears the turmoil will have a knock on effect on Gibraltar, and that question marks inevitably remain over the future

TG Leader believes UK "needs and deserves general election right away"

Meanwhile, Together Gibraltar leader, Marlene Hassan Nahon, says the situation demonstrates the extent of disarray in the Conservative party.

She believes the UK needs and deserves a general election right away