>> LOOK AT THIS.
WOOH.
>> I CANNOT DELIVER THE MANDATE
ON WHICH I WAS ELECTED BY THE
CONSERVATIVE PARTY.
I HAVE SPOKEN TO HIS MAJESTY,
THE KING, TO NOTIFY HIM THAT
I’M RESIGNING AS LEADER OF THE CONSERVATIVE PARTY.
CONSERVATIVE PARTY.
>> Bill: MAJOR UPHEAVAL IN THE
U.K.
LIZ TRUSS RESIGNED.
>> Dana: SOME PEOPLE DID.
>> Bill: A COUPLE PEOPLE MAY
HAVE HAD THAT BASED ON SOME
DECISIONS SHE MADE.
>> Dana: I’M DANA PERINO AND
THIS IS "AMERICA’S NEWSROOM."
THE PRIME MINISTER MAKING THE
ANNOUNCEMENT MOMENTS AGO
OUTSIDE 10 DOWNING STREET.
THIS AFTER SHE FAILED TO
OVERCOME A FLURRY OF CRITICISM
FROM HER OWN PARTY.
ALEX HOGAN IS FOLLOWING ALL OF
THIS FROM LONDON.
HI.
>> GOOD MORNING.
THIS HAS BEEN A VERY
CONTENTIOUS DAY HERE IN LONDON
AFTER A CONTENTIOUS TWO MONTHS
OF BRITISH PRIME MINISTER LIZ
TRUSS TIME IN OFFICE.
SHE ANNOUNCED HER RESIGNATION
EARLIER THIS MORNING.
SPEAKING FOR A MINUTE 30
SECONDS.
VERY BRIEF.
TAKE A LISTEN.
>> WE SET OUT A VISION FOR A
LOW TAX, HIGH GRADE ECONOMY
THAT TAKE ADVANTAGE OF THE
FREEDOMS OF BREXIT.
>> THIS COMES AFTER A SHAKY DAY
YESTERDAY AT DOWNING STREET.
ANOTHER MEMBER OF HER
GOVERNMENT LEFT THE JOB.
HOME SECRETARY RESIGNED.
SHE WAS A POPULAR FIGURE IN THE
CONSERVATIVE PARTY.
SHE HAS BEEN REPLACED BY GRANT
SHA*P.
HE IS A SUPPORTER OF THE FORMER
P.M. CANDIDATE WHO LOST TO
TRUSS.
HE QUICKLY ADDRESSED THE NEED
TO GET TO WORK.
TRUSS HAD ONLY SERVED FOR 45
DAYS.
SHE IS THE BRIEFEST SERVING
P.M. IN U.K. HISTORY.
THE ECONOMIC TURMOIL WE’VE SEEN
IN THE LAST TWO MONTHS ONLY
ALSO LED TO THE OUSTING OF HER
TREASURY CHIEF.
SHE ANNOUNCED WIDESPREAD TAX
CUTS AND SPENDING PLANS THAT
WERE ANNOUNCED LESS THAN A
MONTH AGO.
ALL OF THAT HAS BEEN SCRAPPED.
HER APPROVAL RATING HAD BEEN
VERY LOW.
IT IS WORTH NOTING FOOD AND
ENERGY IS SOARING.
INFLATION THE HIGHEST IN 40
YEARS.
THE BOMBSHELL ANNOUNCEMENT
TODAY COMING ON THE HEELS OF
YET ANOTHER RESIGNATION LAST
NIGHT ANNOUNCING SHE WILL LEAVE
THE JOB.
SHE HAS TALKED TO THE KING
FORMALLY ANNOUNCING HER
RESIGNATION.
SHE SAID NEXT WEEK THERE WILL
BE A VOTE OF POTENTIALLY WHO
WILL TAKE HER PLACE AND SHE
SAYS UNTIL THAT TIME, BILL AND
DANA, SHE WILL CONTINUE TO
SERVE AS P.M.
I CANNOT STATE JUST HOW BIG OF
A DECISION THIS WAS AND HOW
MONUMENTAL OF A MOMENT THIS IS
AFTER SEEING SO MUCH CHANGE
HERE IN ENGLAND WITH NOT ONLY
THE DEATH OF THE QUEEN, A NEW
KING, THIS IS THE SECOND PRIME
MINISTER THAT WE’VE SEEN IN TWO
MONTHS.
SO MUCH CHANGE AND SO MUCH
ECONOMIC INSTABILITY.
IT IS REALLY A TIME OF ECONOMIC
TURMOIL.
AGAIN, THE INSTABILITY IS THE
ONE THING IN ENGLAND THAT CAN’T
BE STATED ENOUGH.
>> Dana: THEY ARE FACING A VERY
DIFFICULT WINTER POSSIBLY
BECAUSE OF THE ENERGY SITUATION
THERE.
ONE QUESTION FOR YOU.
YESTERDAY DURING THE PRIME
MINISTER’S QUESTION HOUR, SHE
SAID -- SHE STOOD UP AND SAID
I’M A FIGHTER, I WILL BE HERE
AND STAY.
WHAT WAS THE STRAW THE BROKE
THE CAMEL’S BACK TO THIS
ANNOUNCEMENT?
>> THAT WILL BE THE BIG
QUESTION EVERYONE IS LOOKING
FORWARD TO FINDING OUT EXACTLY
WHAT IT WAS.
WE’VE SEEN SO MANY PEOPLE
WITHIN HER CABINET ALREADY HAVE
TO LEAVE AFTER JUST 45 DAYS.
SO LIKELY WHAT WE’RE HEARING IS
THAT THERE WERE A LOT OF
CONVERSATIONS LAST NIGHT AFTER
THE HOME SECRETARY LEFT.
SOMEONE WHO WAS CONSIDERED A
VERY CLOSE ALLY.
THE REASON THAT SHE LEFT, SHE
EXPLAINS IS THAT SHE SENT AN
EMAIL FROM A PERSONAL ACCOUNT
THAT CONTAINED A CRUCIAL
INFORMATION INSTEAD OF SENDING
IT FROM HER WORK ACCOUNT.
IT’S NOT A REASON TYPICALLY WE
WOULD SEE SOMEONE RESIGN.
REALISTICALLY A FORMAL APOLOGY
ANNOUNCING THE GRAVER ORR AND
MADE GRAVE COMMENTS HOW TRUSS
SHOULD HAVE TAKEN SOME OF THIS RESPONSIBILITY.
WE’VE SEEN SO MUCH CRITICISM OF
ELIZABETH TRUSS EVEN WITHIN HER
OWN PARTY.
SHE DIDN’T HAVE ENOUGH ALLIES
AS A POLITICIAN BUT ALSO GIVEN
ALL OF THE ECONOMIC INSTABILITY
AND HOW BAD OF A SITUATION THIS
IS BECOMING, THE WORST
INFLATION IN ENGLAND IN 40
YEARS.
>> Dana: WELL, THANK YOU, ALEX.
THIS IS BIG NEWS OVER THERE AND
POLITICS IS NOT NECESSARILY A
PRETTY SPORT BUT IT IS A
CONTACT ONE.
THANK YOU, ALEX.
>> Bill: WE’LL GET ANALYSIS
THROUGHOUT THE DAY.
SHE HAD A COMMITMENT TO LOWER
TAXES ON THE WEALTHY IN ENGLAND.
WHEN SHE CAME INTO OFFICE.
WITHIN DAYS SHE BACK TRACKED ON
THAT POLICY.
YOU CAN CALL IT A MISSTEP OR
PRESSURE FROM PEOPLE WITHIN HER
OWN PARTY.
THAT WAS NOT THE RIGHT TRACK TO
TAKE FOR THE CURRENT ECONOMY.
>> Dana: I THINK THAT’S WHAT
TANKED THE MARKETS.
>> Bill: YOU DO HAVE THAT.
SIX WEEKS LATER THEY’RE BETTING
THE BANK OF ENGLAND WILL HIKE
RATES IN ENGLAND AGAIN BY 75
BASIS POINTS
>> Dana: MEL GARDNER CAN MAYBE
EXPLAIN IT BETTER THAN I CAN.
THERE ARE CONSERVATIVES WHO
BELIEVE HER ECONOMIC POLICY WAS
THE RIGHT ONE.