Boris Johnson bows out as British PM, Liz Truss to take over

The 47-year-old Truss is tasked with steering Britain through a looming lengthy recession and an energy crisis that threatens the finances of millions of households and businesses.

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By Reuters

LONDON, – Boris Johnson bowed out as British prime minister on Tuesday, ending a tumultuous three years in office and bequeathing his successor Liz Truss a daunting list of problems to tackle.

Johnson, who was forced out of office by his own Conservative Party over a series of scandals, urged the country to come together and back his successor.

After making a farewell speech outside Downing Street, he left London to travel to Scotland and tender his resignation to Queen Elizabeth. Truss will also travel to the monarch’s castle in northeast Scotland and be asked to form a government.

The 47-year-old Truss is tasked with steering Britain through a looming lengthy recession and an energy crisis that threatens the finances of millions of households and businesses.

Her plan to boost the economy through tax cuts while providing tens of billions of pounds to cap energy costs has already badly rattled financial markets, prompting investors to dump the pound and government bonds.

“This is it folks,” Johnson said in his speech. “What I say to my fellow Conservatives, it’s time for politics to be over, folks. It’s time for us all to get behind Liz Truss and her team and her programme.”

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