Liz Truss dramatically quit today, admitting defeat following crisis talks with Tory chiefs in Downing Street and with MPs in open insurrection.
After just 44 disastrous days in No10, the PM took to a lectern outside the famous black door to confirm her departure, sealing her fate as the shortest-serving premier in modern political history.
Revealing she had informed the King of her decision, she said: ‘I cannot deliver on the mandate…. I will remain as PM until a successor
President Joe Biden has conceded that inflation remains stubbornly high, after a key measure of prices blew past expectations, dashing any hopes that consumer price increases had peaked.
The Labor Department’s report on Friday showed that the consumer price index jumped 1 percent in May from the prior month, for a 12-month increase of 8.6 percent — topping the recent peak seen in March and hitting its highest level since December 1981.
Biden previously claimed that inflation had peaked as
