we think he's going to be outside or the conservative party 1st. but when he does speak, we will be there live here on al jazeera, full. earlier i spoke to the former speaker of the u. k. house of commons, john berkener. he says, the conservative party has major internal divisions that must be mended. must be candid when you say, looking at it objectively, i'm from a distance, i'm not sure that anybody could achieve the unit wrong with it. so it is huge divided. it is largely exhausted. it is run out of ideas. it's running out the road is now running out of time. the economy is in deep trouble. people's personal finance is great damage in recent times by conservative governance. most recent bibles trust us in the british system using each presidential use parliamentary. we hold general elections in which we are left. so we elect up homes from which a government is the head of batch government is a prime minister. so the choreograph is that if there is a change of prime minister during a parliamentary, the reason they were qualms for a general elect

absolutely, the headlines _ conservative party? absolutely, the headlines in _ conservative party? absolutely, the headlines in the _ conservative party? absolutely, the headlines in the united - the headlines in the united states just are portraying this as an implosion of the conservative party, a sign not only that the polling numbers are down and that the party is divided, but that the party that seems to be firmly in control of britain has nowjust really lost its way. those kinds of reversals of fortune in the contemporary united states are really difficult to imagine. again, despite the close ties between the countries, and the fact they are both democracies, it's really a lesson for americans in how very different the rules can make democracy work. you mention those _ can make democracy work. you mention those close _ can make democracy work. you mention those close ties, president biden was critical of prime minister truss's economic plans, but he did thank her after her resignation or her support of the war in ukraine, how do you view the relations progressing from here? i

party prime minister is the conservative party's members of parliament. they've done now the 3 prime ministers in a row, and you'll find a agreement between me and our labor party member of parliament on me now is that it makes the conservative party looks ridiculous. it were tearing down leader after leader consider theresa may forest johnson. nowadays trust the conservative party, a parliament has destroyed 3 leaders in a row. and this flows nice, i guess to the next question, let me take it off. so will the conservative party be able to withstand the pressure for an early election also, especially if bar johnson met, finds his way back into number 10. let me 1st start say, you know, the fact that we're discussing, the possibility of bodies. johnson coming back is self, i think, shows how difficult is it because it party or are in this it seems to me a total mass, a phone one, you know, it's just been pushed out. someone has been approved a lie of someone was already being investigated. the only prime minister in the history who got a criminal record yo

i was elected by the conservative party with a mandate to change this. we delivered on energy bills and on cutting national insurance. and we set out a vision for a low tax, high growth economy that would take advantage of the freedoms of brexit. i recognise, though, given the situation i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him that i am resigning as leader of the conservative party. this morning i met the chairman of the 1922 committee, sir graham brady. we have agreed that they will be a leadership election to be completed within the next week. this will ensure that we remain on a path to deliver our fiscal plans and maintain our country's economic stability and national security. i will remain as prime minister until a successor has been chosen. anki. —— thank you. studio: an extraordinary moment in british political history, a moment of huge drama. liz truss resigning, shejust told us, as leader of of huge drama. liz truss resigning, she just told u

i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him that i am resigning as leader of the conservative party. the race is now on to find a successor, with a new prime minister due to move into downing street by the end of next week. president biden thanks liz truss for her cooperation on the war in ukraine, while european union leaders call for more stability in the uk. and in other news, a new york court has dismissed a sexual assault lawsuit against the actor kevin spacey. welcome to our viewers on pbs in the united states and joining us around the world. we begin here in the uk, which will get a new prime minister by the end of next week — the fifth in six years. the governing conservative party announced details of a fast—tracked contest to choose its next leader, following the resignation of liz truss. she stepped down on thursday afternoon, afterjust six weeks in the job. it's the shortest prime ministerial tenure in british history. this report from our political e

you have been a conservative party member. >> in the past, yes. but i would not now because i feel like you can't trust them. the whole fiasco with boris and followed by the fiasco with liz truss, i can't support them anymore. i feel like we need a change. >> i am put off by what is going on. >> you will put off voting for them in the next general election whenever that might be. as thoughts turn to the next prime minister, one familiar name kept returning. >> bring back boris. he did a good job on brexit. i think somebody over there agrees with me. >> personally i would bring back boris. >> we hear he might be throwi his hat into the ring. >> he was an excellent leader, made mistakes, admitted to it. apologize. he got us through covid and he has the presence that liz hasn't got. >> some haven't even had chance to catch up on today's news. >> she will survive. >> you know she has resigned. >> i did not know that. >> she resigned earlier this afternoon. >> that surprises me. i'd have told her to stay. >> and anybody standing in the raisman have the

conservative party. you not focused on internal debates in the conservative party.— not focused on internal debates in the conservative party. you know you need to be in — the conservative party. you know you need to be in order _ the conservative party. you know you need to be in order to _ the conservative party. you know you need to be in order to stay _ the conservative party. you know you need to be in order to stay in - need to be in order to stay in office. ,., ., , �* office. the important thing is i've been elected _ office. the important thing is i've been elected to _ office. the important thing is i've been elected to this _ office. the important thing is i've been elected to this position - office. the important thing is i've been elected to this position to l been elected to this position to deliver for the country. we are facing very tough times we simply cannot afford to spend our time stalking about the conservative party rather than what we need to deliver and that is my message t

the conservative party has been in power now for 12 years, before that the labour party was in power 13 years, before that conservatives in power 18 years. what we see is these big transitions, and we will have to see a lot of soul-searching from the conservative party which down out - went down a particular route with brexit. a lot of the economic cleavages in the party were often disguised by first, brexit and the economic populism of boris johnson who is able to be all things to all men often. and now we have these big economic divisions between the leveling up agenda and what we saw from trussonomics really exposed the conservative party. they will have to come to agreement about what the point of the conservative party is. dani: i'm also seeing some soul-searching probably from you as well after getting up at 6:00 a.m. to talk politics. we really appreciate it, alan wager, research associate at the changing europe initiative at king's college london. u.s. bonds fall into the longest slump since 1984. we will look at the swap market driving the selloff. this is bloomberg. ♪ dan

but if the party should put forward two candidates there will be an online vote for conservative party members to choose the next leader. all stages of the election will be concluded by friday the 28th of october. who might find themselves moving on here a week tomorrow? after what has happened to liz truss, you might imagine it could give some second thoughts. poisoned chalice it might be but prized it still is an tonight the race is under way. chris mason, bbc news, at westminster. lets go to westminster now and speak to our political correspondent ione wells. what are we, just iipm here in the end of an extraordinary day in london where do things stand this evening? london where do things stand this evenin: ? ,, . , london where do things stand this eveninu? ,, ., , , evening? essentially where things stand at the _ evening? essentially where things stand at the moment _ evening? essentially where things stand at the moment is _ evening? essentially where things stand at the moment is over- evening? essentially where things stand at the moment is over the l stand at the moment is ov

i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him the i am resigning as leader of the conservative party. only 6 weeks ago, trust was confirmed as prime minister by the late queen elizabeth the 2nd. but a disastrous budget from the no former chancellor, quasi quart ng spelled at the beginning of the end, high tax rates are home secretary swell. braverman walked after a row over immigration and then a vote to bon fracking. plato to mid chaotic scenes sealed trust his fate. until on ha, despite her own failure to vote, she won the ballots, but many tore and peas rebelled amid widespread anger that such a regime was ever approved by the party. i am livid antenna. i really shouldn't say this, but i hope all those people that put this trust in number 10. i hope it was worth it. if it was worth it for the minister red box, i think it was worth it to sit round the cabinet table because for the damage they have done to our party is extraordinary. tore part, anger hasn't been confi

party _ well reading that broad conservative party a _ well reading that broad conservative party. a party which represents or parts _ party. a party which represents or parts of _ party. a party which represents or parts of the — party. a party which represents or parts of the country which is unlike any other— parts of the country which is unlike any other in— parts of the country which is unlike any other in parliament at the moment _ any other in parliament at the moment. we represent all parts of the country— moment. we represent all parts of the country and have a every way and that was _ the country and have a every way and that was need to be reflected in whatever— that was need to be reflected in whatever government is formed. if not whatever government is formed. not bcc nak whatever government is formed. if not bcc nak then who? i will i whatever government is formed. if not bcc nak then who? i will be i not bcc nak then who? i will be backin: not bcc nak then who? i will be backing him _ not bcc nak then who? i will be backing him all _ not bcc nak then who? i

leader of the conservative party and prime minister. this is the moment mr. sunak was officially named as the winner of the leadership contest. >> good afternoon. as returning officer into leadership election i can confirm that we have received one valid -- rishi sunak is therefore elected as leader of the conservative party. tim: and this was the incoming prime minister arriving at the conservative party headquarters earlier. a short time later he gave a short speech. mr. sunak: i would like to pay tribute to this trust for her dead cash to liz truss for her dedicate -- i would like to pay tribute to liz truss for her dedicated service to the party. she let under difficult circumstances but that home and abroad. i'm humbled and honoredo have the support of my parliamentary colleagues and to be elected as leader of the conservative and unionist party. it is the greatest privilege of my life to be able to serve the party i love and give back to the country i owe so much to united kingdom is a great country. but there is no doubt we face

labor party says ritchie cynic won't solve the conservative parties problems. i think it's a continuation of the problems that the conservatives of face. look, we've hot, we're going to have 3 prime ministers in 3 months. we've had to re, she seen that was the chancellor, where we've seen low growth. we've not seen that growth in ami called me, is failed to deal with the inflation that we seen. and families are really worried about the cost to live in that they face. and i've heard nothing from wishes to knock in the well, we call whatever. it's been that we part the contest about how he's going to actually talk will the challenges that people are facing today. so it seems the key question is, what kind of leader will soon knock b, shania diego reports every come the return of richey soon at this time as lead of his party, he missed out till his trust in the last leadership contest, only to find himself less than 2 months later, back in downing street, this time at number 10. generic is the 1st u. k. prime minister of south asian heritage. indeed, the 1st from

the conservative party is the members of parliament. they have done now with three prime ministers in a row. when you find agreement with me, it makes the conservative party look ridiculous, tearing down leader after leader. theresa may, boris johnson, now liz truss. they have destroyed three leaders in a row. host: this flows nicely to the next question. will the conservative party be able to list -- to withstand the pressure of an early election, especially if boris johnson finds his way back into number 10? afzal: the fact we are discussing the possibility of boris johnson coming back itself shows the difficulty they are in. it seems a total mess. someone pushed out as a proven liar, being investigated, the only prime minister in the history with a criminal record, as well. and so many are m.p.'s. how does that go down? how does that help? host: will it take us forward toward early elections? afzal: the difficulty is, they do have the majority. it proves the fundamental point, they are putting themselves and their party before the in

party leadership and contests and the term and of the conservative party. now it's not unusual. the prime ministers meet with grand brady, but obviously the outcome of this is not what she wanted, which is extrude me considering that just yesterday she stood up in parliament saying, i am a fighter. i am not a quitter. well, today she has quit. she obviously had her wings clipped in that meeting was told that some hard truth, which is that she just doesn't have the mandate of the past. and so she has become the shortest serving crime in british history. now there are lots of, i'm not to talk now about who can replace that. we know that the process will just take one week that 2 candidates will be put forward by conservative m p 's and then they will be voted on by the wider consult, conservative party itself, unless one of them drops out, of course. and then that the real sense of needing this process to happen swiftly and, and without the kind of chaos and lengthy decision making that we saw during the summer leadership contests in terms of names. well, whe

conservative party members to choose its next leader. all stages of the election will be concluded by friday 28th of october. who might find themselves moving in here a week tomorrow? after what's happened to liz truss, you might imagine it could give some second thoughts. poisoned chalice it might be, but prized it still is, and tonight, the race is under way. chris mason, bbc news, at westminster. earlier i spoke to sheri berman, a politics professor at barnard college at columbia university and i asked her what americans thought of the chaos in british politics. i would say with a combination of bemusement and puzzlement. bemusement at how such a chaotic situation could arise, and puzzlement because the rules of your political game are so different from ours. let's talk more about that, because of course we have a parliamentary democracy in britain, whereby the governing party gets to choose their leader, who then becomes the prime minister. and of course in the states, you directly elect a president. so there must be some confusion o

within the conservative party. all right, the from was thanks so much. charlie angela. so i had an al jazeera o protests across be occupied, westbank after israeli forces shoot dead, a palestinian man, they say children israeli soldier cutter marks one months ago and to its 1st world comp. ah, anticipation is rising. i saw with responsible cattle anyways. how low they will look to the middle east and live out. we've got to wear the disturbance and pull that's pulled out of the mediterranean re some heavy rains the likes of cypress as well as turkey. you can see it moving across into georgia as well, touching down some of those showers, moving across iraq. and we will see that wet or whether looking into jordan could possibly see some flooding around the dead sea. saudi arabia maybe seeing a shower too as well, but it is largely finer and dryer the further south we go. now as we move across to north africa, libya has seen some flooding. this was a scene in tripoli after some rain pulled down from the mediterranean.

party members to of conservative party members to choose _ of conservative party members to choose its — of conservative party members to choose its next— of conservative party members to choose its next leader. _ of conservative party members to choose its next leader. all- of conservative party members to choose its next leader. all stages| choose its next leader. all stages of the _ choose its next leader. all stages of the leadership _ choose its next leader. all stages of the leadership election - choose its next leader. all stages of the leadership election will - choose its next leader. all stages of the leadership election will be i of the leadership election will be concluded — of the leadership election will be concluded by— of the leadership election will be concluded by no _ of the leadership election will be concluded by no later— of the leadership election will be concluded by no later than - of the leadership election will be i concluded by no later than friday, the 28th— concluded by no later than friday, the 28th of— concluded by no later than friday, the

party has created. what conservative party has created. what we see is that _ conservative party has created. what we see is that the _ conservative party has created. what we see is that the markets are stabilising, that rishi sunak, they have responded well to the thought that it was going to be rishi sunak as prime minister. why not, if you are so concerned about stability, let that settle? see what happens and would that not be preferable to and would that not be preferable to a general election right now which would actuallyjust bring more uncertainty? the markets do appear to have improved slightly but the situation facing struggling families across the country has not. the fact is that rishi sunak refused to implement a proper windfall tax. he was supporting borisjohnson even when he was proven to be a liar and a lawbreaker. this is a man who boasted during the leadership contest during the summer about taking money away from poor communities and giving it to richer communities. we have a twindemic facing the nhs and care services a

i cannot deliver the mandate on which i was elected by the conservative party. i therefore, spoken to his majesty the king to notify him the i am resigning as leader of the conservative party. only 6 weeks ago, trust was confirmed as prime minister by the late queen elizabeth the 2nd. but a disastrous budget from the no former chancellor quasi quartet spelled the beginning of the end. high tax rates are home secretary swell, a braverman walked after a row over immigration, and then a vote to bon fracking, played out amid chaotic scenes sealed, trust his fate. hill on ha! despite her own failure to vote, she won the ballots, but many tore and peace rebelled amid white spread anger that such a regime was ever approved by the party. i am livid and you know, i really shouldn't say this, but i hope all those people that put this trust in number time. i hope it was worth it. if it was worth it for the minister red box, i think it was worth it to sit round the cabinet table because from the damage they have down to our party is extraordinary. tory park anger hasn't bee

party was it make us discuss _ conservative party was it make us discuss this — conservative party was it make us discuss this psychodrama. all of that witt— discuss this psychodrama. all of that will play out in the next year it is getting it worse and worse. what _ it is getting it worse and worse. what is — it is getting it worse and worse. what is the positive thing? the only thing _ what is the positive thing? the only thing they— what is the positive thing? the only thing they can put forward i would suggest _ thing they can put forward i would suggest is — thing they can put forward i would suggest is putting rishi sunak as the sensible numbers type guy. and hope that— the sensible numbers type guy. and hope that is enough. we the sensible numbers type guy. and hope that is enough.— hope that is enough. we will look at the ft. hope that is enough. we will look at the ft- and — hope that is enough. we will look at the ft. and then _ hope that is enough. we will look at the ft. and then the _ hope that is enough. we will look at the ft. and then the mirror- hope that

ah, i am resigning as leader of the conservative party. there's truck quit softer, tumultuous, 6 weeks in office becoming britton's. sure to serving prime minister. her policy will elect a new leader in the next week. it's 5th in 6 years before my child's livery, she sudak a born johnson expected to run. ah, me barca! this is al jazeera life from london, also coming up at least 30 days off to chat security forces crackdown on anti government protested looting and torching the prime minister's office. ukraine's national grid starts imposing blackouts on its citizens to allow infrastructure destroyed by russian ass strikes to be repaired. and as hong kong ease is more of its covert restrictions. this outrage in china over the death of a 16 year old girl in a quarantine facility. ah, the u. k. prime minister has resigned after a turbulent 44 days in office full of policy, you turns market turmoil and cabinet resignations. less trust said she was quitting because she couldn't deliver the mandate. she was elected on by the tory party after bein

basically, there are deep divisions within the conservative party. this trust lost the authority because she wasn't able to get her budget through that was her whole plan . she stood for quite aggressive tax cards. those have spooked the markets and created cat chaos on the financial markets. and that really, ah, brought things on it and brought it into rolling. so she was not able basically to, to have the respect, offer own m p 's and saw no other option as to resign. so her policies obviously didn't go down well, but britain's conservative themselves have been tearing themselves apart. why are they so divided? yes, really they have and traditionally they all seen as the polity of government. they are seen as the party of economic competence. this is what they have been priding themselves in, but we have seen over the last decades that something was eroding the conservative party from within. and that was the issue of europe. it as divided the party between a madrid sort of centrist and broadly pro european wing and another wing which was more libe

there has been a lot of rancour in the conservative party, deep divisions between boris johnson conservative party, deep divisions between borisjohnson and rishi sunak. and if the members want a contest should be her going forward. she was absolutely at the mind to see borisjohnson she would not be standing back. sorry, she still sits on her supporters. where will the jewel borisjohnson supporters go? i will read a couple of lines from the statement. first of all, he said i've been attracted to the idea of standing because i lead our party to a massive objective and i therefore believe i am uniquely placed to avert a general election now. he does go on to say that in the course of the last few days of come to the conclusion that this would simply not be the right thing to do. you can't govern effectively unless you have a united party in parliament put up adding, "i can confirm, i have cleared the very high hurdle of 102 nominations. " he's not lacking in confidence, he never was. but has steed in confidence, he never was. but has stepped away- _ in confidence, he never was. but has stepped

the conservative party? what really struck you?— of the conservative party? what really struck you? having written this book, _ really struck you? having written this book, the — really struck you? having written this book, the lessons _ really struck you? having written this book, the lessons are - really struck you? having written this book, the lessons are in - really struck you? having written i this book, the lessons are in some ways timeless. people who three months ago, whether the membership of the party, who made liz truss prime minister were making the next present prime minister as well. very much the difficulty keeping that 2019 electoral coalition together. the red bull seat and traditional story on eid tory seats in the south. because of recent events and the pressures, things like taxation because of covid, turmoil in recent months, that really pushes device within the party. i think you ever need to put these things together will have to you talk a good game, that both liz truss and boris

as a prime minister steps down just after 6 weeks. distrust resigns, as leader of the conservative party with speculations about who could succeed her. many wonder if her predecessor could play a compact. also coming up, european leaders reach an agreement on how to detain, storing energy prices triggered by the war in ukraine. but while the agreement promises fost action not taking ah, i'm available. hm. at welcome to the program. after a turbulent 6 weeks in office, bush prime minister liz trust has stepped down. it comes after a number of you turns on economic and energy policy and a backlash from her own conservative party. this makes her the shortest serving prime minister in u. k. history. after weeks of chaos at 10 downing street, a moment of clarity less trust pens, frenzied speculation on her future. by telling the british people that she is stepping down, i cannot deliver the mandate on which i was elected by the conservative party. i therefore, spoken to his majesty the king to notify him the i am resigning as leader of the conservative party. only 6 weeks ago trust was confir

out in the next few days a if the conservative a conservative party has one. thank you very much. that is scott lucas. mom from london were going to go to joan virchow now, who is a veteran, british politician who was the speaker of the house of commons from 2009 to 2019. he joins us live from london. thank you very much for being on al jazeera, i guess physical. what's your reaction? what say you reaction to the news of las trust stepping down gives a surprise. i think it takes longer than it should say. and announcing resignation in my very brief them said. guy that was contrition, that expression of apology, party wall to the country called us and in some cases, critically financial in the space 45 days in office. i'm sorry charel. ready to get used to me, she was joe, she had a map of census which was made serious mandate, which is in charge on costs. and the management of the government by the last few weeks have been a shambolic colleagues. last patients member and see they've got seats. they didn't want to say all the expense of the, as i share ways of

the conservative party is, is a views are not mine. if he'd been in a final to this round, i wouldn't have voted for him again. but my gosh, he's really had a successful start. and i think given the, the she a level of turbulence, the level of instability we've had rotating another chancellor seems mad to me. you were talking about the fact we've had 5 prime ministers in 6 years. that's true. if we change chancellor's will up had 5 chancellors in 5 months. i mean for heaven's sake, i think was time to stick with one. and of course, you know, you, you, you say that jeremy hunt and richey, scenic are stability. you might say personified. but all that job hunt did was reverse lives, trusses, and a quasi quad things, policies. they have yet to put forward a economic policies that the market has to react to. surely that's the next test. totally set, but you'll have noticed that in his remarks to parliament, one of the things jeremy hunt underscored was that deep waltz. he didn't have a background in financial services or in the treasury as

party. 0r would be the salvation of the conservative party. or the road to health. you cannot be serious, let�*s refer to john health. you cannot be serious, let�*s refer tojohn mcenroe, you cannot be serious. came into buckinghamshire, karen in scarborough, nicholas in poole, loads and loads of calls this morning on this. carolyn scarborough first off. welcome to the news channel. listening to the temperature of the nature on this. the boris barometer and there are lots of thumbs up. are you serious? yes, i am. lots of thumbs up. are you serious? yes, iam. last lots of thumbs up. are you serious? yes, i am. last friday i messaged lots of thumbs up. are you serious? yes, iam. last friday i messaged in and said lace would be gone by thursday as yesterday. i just and said lace would be gone by thursday as yesterday. ijust knew it she struggled at pm cues. then when i heard that boris may be putting his back in the ring, i was thrilled, i�*ve been listening to it as much as i can through the night. get him home. he was thrilled? i think he'

conservative party. the next election will be about the economy and how people are feeling and what is happening to their personal budgets, mortgages, their rent and energy prices. are they budqets, mortgages, their rent and energy prices. are they feeling budgets, mortgages, their rent and energy prices. are they feeling even worse off than at the moment, when things are tough? if they are, they will take that opportunity to punish the government. and the decisions this conservative government have made, from brexit to the disastrous mini—budget that tanked the economy and plunged the pound, they deserve to be held to account for it. sonia sodha of the _ to be held to account for it. sonia sodha of the observer, _ to be held to account for it. sonia sodha of the observer, chief - to be held to account for it. sonia sodha of the observer, chief leader writer, thank you very much. so rishi sunak, the former chancellor, has officially declared he will be entering the contest to become prime minister. let

certainly in terms of the conservative party. if the conservative party wants to get rid of liz truss into somebody else, they will. the big issue is who they would replace her with. they will find a mechanism.— find a mechanism. another conservative _ find a mechanism. another conservative mp, - find a mechanism. another conservative mp, this - find a mechanism. another conservative mp, this is i find a mechanism. another conservative mp, this is 15| find a mechanism. another- conservative mp, this is 15 openly calling for the prime minister to 90, calling for the prime minister to go, this is rick edwards, and a letter published on the conservative home website, she says it is not responsible for the party to allow liz truss to remain in power. not responsible, says ruth edwards, for the party to allow liz truss to remain in power. in this letter she has also urged the prime minister to step aside, to go and that someone who is up to the task take on the great privilege and responsibility of leading our great country and part

the conservative party looks ridiculous. it will chairing down leader after leader consider theresa may forest johnson. nowadays trust the conservative party, a parliament destroyed 3 leaders in a row and this flows nice, i guess to the next question, let me take it off. so will the conservative party be able to withstand the pressure for an early election also, especially if bars johnson met finds his way back into number 10. let me 1st start say, you know, the fact that we're discussing the possibility of body johnson coming back itself. i think shows how difficult is it because it party or are in this seems to me a total mass, a phone one, you know, it's just been pushed out. someone has been approved a lie of someone was already being investigated. the only prime minister in the history who got a criminal record you could say as well. and so many of them are m p 's. now what are the often to resign? how does that go down? how does that help? and i don't see this actually taking us forward. so when i go towards early elec

it's clear that the biggest danger to a conservative party prime minister is the conservative party's members of parliament. they've done now the 3 prime ministers in a row. and you'll find agreement between me and our labor party member of parliament on me now is that it makes the conservative party looks ridiculous. it was tearing down leader after leader consider to resume paris johnson. now let's trust the secretary party, a column and destroy 3 leaders. in a row and this flows nice, i guess to the next question, let me take it off. so will the conservative party be able to withstand the pressure for an early election also, especially if bars johnson met finds his way back into number 10. let me just stop say, you know, the fact that we're discussing, the possibility of bodies. johnson coming back is self, i think, shows how difficult is it because it party or are in this it seems to me a total mass, a phone one, you know, it's just been pushed out. someone has been approved a lie of someone was already being investigated. the only prime minister in the history who got a criminal

the discussions of the conservative party _ discussions. the discussions of the conservative party and _ discussions. the discussions of the conservative party and one - discussions. the discussions of the conservative party and one to - discussions. the discussions of the l conservative party and one to figure out how to get rid of her and when we would be to leverage chairman of the party and have another prime minister but, that would be a bit too complicated for their manoeuvres.— too complicated for their manoeuvres. �* . . the front of the ft is very interesting. we know the prime minister does not like windfall taxes. there is something that they're introduced there was not a windfall tax does appear to require proper tax of some profits. in order being told thatjeremy hunt is going to the banks. the being told that jeremy hunt is going to the banks-— being told that jeremy hunt is going to the banks. the banks pay 27% and cororation to the banks. the banks pay 27% and corporation tax _ to the banks. the banks pay 2796 and corp

they become conservative party. they become conservative party. they become conservative party leader on winning that race but they only become prime minister having been invited in to see the king and asked to form a government. are we receiving news? i think we are... the development here. let mejust think we are... the development here. let me just click on a twitter link here, if it's going to open up. we are hearing penny mordaunt has withdrawn. , ., ., , withdrawn. there you go, so rishi sunak will be _ withdrawn. there you go, so rishi sunak will be our _ withdrawn. there you go, so rishi sunak will be our next _ withdrawn. there you go, so rishi sunak will be our next prime - sunak will be our next prime minister, ourthird prime minister in a matter of seven weeks. this extraordinary period of time out in british politics, its next chapter marked now with confirmation from penny mordaunt that she is withdrawing from this race or hasn't made the nominations, i haven't yet managed to read exactly what she is s

party. activists in the governing conservative pa . ., ~ , ., , conservative party. thank you very much. i'm joined now by vicky pryce, chief economic adviser, centre for economics and business research and former joint head of the uk government economic service. it's good to speak to you, albeit on a troubled day for the british political classes and also everybody else in the country because of their experiences over the last few weeks. absolutely, that adds uncertainty, but if you look at the markets they seem to have calmed down. yes, sterling has calmed down since the announcement as we understand it of the chancellor going, and the u—turn thatis the chancellor going, and the u—turn that is about to happen, because of course that means less money put into the economy if you like and possibly less growth, so maybe they are reevaluating that element of it but it remains to be seen where it all settles. interestingly the bond markets have come down quite a bit. very significantly in fact, the gilt is below li%, which is incredibly good for homeowners if some of

the conservative party is the largest party in the house of commons, so the conservative party gets to have prime minister. that is how politics works. ichris gets to have prime minister. that is how politics works.— how politics works. chris hughton harris has been _ how politics works. chris hughton harris has been reappointed - how politics works. chris hughton - harris has been reappointed northern ireland secretary. he has said he would appoint a new election in northern ireland if a new executive copy form. the eskimo from charlotte gallagher. the big implications for northern ireland with a new government and a new prime minister. what has been the reaction there? i think people here just want to work with whoever is in charge and it is pretty rare that all parties in northern ireland say the same thing, but they all saying that northern ireland has to be the priority and that they really need to get this torment back up and running and something probably does need to get done about the protocol —— get stormont up and running. the building behind me, the lights are on but

but and assist them in seeking to unite the conservative party.— the conservative party. but will there be a _ the conservative party. but will there be a contest _ the conservative party. but will there be a contest even - the conservative party. but will there be a contest even within l the conservative party. but will i there be a contest even within the tory party estimates supporters of penny mordaunt have been racing this morning to gather the 100 backers she needs to get on the ballot. her campaign insisted she was staying in and that members needed to have a say. and that members needed to have a sa . , , . .. ., and that members needed to have a sa. , ., ., and that members needed to have a sa. , ., say. penny is a candidate who can unite all sides _ say. penny is a candidate who can unite all sides of— say. penny is a candidate who can unite all sides of the _ say. penny is a candidate who can unite all sides of the party - say. penny is a candidate who can unite all sides of the party it's - unite all sides of the party it's very important that we actually gi

sure, but i think. the problem the conservative party is now _ the problem the conservative party is now going to have is really in final what— is now going to have is really in final what conservatism means in 2022 _ final what conservatism means in 2022 and — final what conservatism means in 2022 and beyond, when liz truss was appointed _ 2022 and beyond, when liz truss was appointed as prime minister, when she stepped into number 10 downing street, _ she stepped into number 10 downing street, the sense was that she was going _ street, the sense was that she was going to _ street, the sense was that she was going to pursue this radical, pro—market, growth agenda, and do really— pro—market, growth agenda, and do really what — pro—market, growth agenda, and do really what she could in her 700 days _ really what she could in her 700 days or. — really what she could in her 700 days or. at _ really what she could in her 700 days or, at least we thought it was going _ days or, at least we thought it was going to _ days or, at least we thought it was going to be — days o

., conservative party. the process for the parliamentary _ conservative party. the process for the parliamentary stages _ conservative party. the process for the parliamentary stages of - conservative party. the process for the parliamentary stages of the i the parliamentary stages of the contest — the parliamentary stages of the contest will begin now, nations done accommodations are now open. 30 contest will begin now, nations done accommodations are now open. so who will be the next — accommodations are now open. so who will be the next prime _ accommodations are now open. so who will be the next prime minister? i will be the next prime minister? will it be the former chancellor rishi sunak or another former leadership candidate? or will boris johnson make a comeback? but there is disbelief across the uk as downing street implodes in the middle of a soaring cost crisis. it just needs a stabilising, it needs sorting out and moving forward, because the rest of the country is in turmoil, isn't it? warm

the conservative party - party? the conservative party increasingly — party? the conservative party increasingly feels _ party? the conservative party increasingly feels divided i party? the conservative party increasingly feels divided in i party? the conservative party| increasingly feels divided in all sorts of different directions. a lot of times it was leave and remain and there were the red seats and the blue seats. it does feel like it will take someone with a lot of authority to get through to the next general election. he says he is the man that can deliver but it is certainly not a united party. there are many constituencies _ certainly not a united party. there are many constituencies and i certainly not a united party. there are many constituencies and the l are many constituencies and the markets are very important. they are making an assumption according to analysts that it will be rishi sunak and they are responding favourably. whatever happens going forward, the decisions are going to be very difficult and we are hearing strong voices within th

i was elected by the conservative party with a mandate to change this. i recognized though, given the situation, i cannot deliver the mandates on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him the i am resigning as leader of the conservative party. well, after trust resignation, the tories have promised to choose a new leader by the end of next week. whoever succeeds her will become the you case, 3rd prime minister. this year, a national election isn't due until 2024, but opposition leader care stormer once one to be held right away. he says, it's clear the conservative party no longer has a mandate to govern. this is not just a soap opera, the top of the tory party is doing huge damage to our economy, a reputation of our country, a public unpaid retire prices with higher mortgages. so we can't have a revolving door of tails. of the public are entitled to have their say about why, but should be a general election. and i now have alex for whiting in the studio with me. she is our u. k. expert.

i am resigning as leader of the conservative party. think about everything that had already happened. the disastrous mini budget, the markets forcing u—turn after u—turn, the chancellor being sacked. liz truss was already under pressure, but monday morning was a chance to reset. dramatic news to start the week here at westminster. liz truss had a new chancellor, jeremy hunt. reporter: any more u-turns? yes was the answer, because after speculation of what markets would do next, his immediate task was to calm them. we will reverse almost all the tax measures announced in the growth plan three weeks ago. this can reasonably be called the biggest u—turn in british economic history, or as one tory mp put it... her central prospectus has been...uh, consigned to the history books or to the recycling bin, or whatever it may happen to be. the government's intervention did serve its immediate purpose. the markets calmed. the politics didn't. the opposition labour party tabled a question for the government. but it was minister penny mordau

party. 50 leader of the conservative party. so what on earth happens now? this . what on earth happens now? this mornin: i what on earth happens now? this morning i met — what on earth happens now? this morning i met the _ what on earth happens now? ti 3 morning i met the chairman of the 1922 committee, sir graham brady. we have agreed there will be a leadership election to be completed within the next week. this will ensure that we remain on a path to deliver our fiscal plans and maintain our country's economic stability and national security. i will remain as prime minister until a successor has been chosen. thank ou. what a successor has been chosen. thank yom what an _ a successor has been chosen. thank you. what an extraordinary - a successor has been chosen. thank you. what an extraordinary moment, just three and a half months since borisjohnson just three and a half months since boris johnson stood just three and a half months since borisjohnson stood at just three and a half months since boris johnson stood at the jus

i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him the i am resigning as leader of the conservative party. only 6 weeks ago, trust was confirmed as prime minister by the late queen elizabeth the 2nd. but the disastrous budget from the no former chancellor quasi quartet spelled at the beginning of the end, high tax rates or home secretary swell. a braverman walked after a row over immigration and then a vote to bon fracking. plato to mid chaotic scenes sealed trust his fate until hoards. ha! despite her own failure to vote, she won the ballots. but many tory and peas rebelled amid white spread anger. that such a regime was ever approved by the party. i am livid antenna. i really shouldn't say this, but i hope all those people that put this trust in number 10. i hope it was worth it. if it was worth it for the minister red box, i think it was worth it to sit round the cabinet table because for the damage they have done to our party is extraordinary. tore paul anger hasn't bee

candy conservative party live for another two years, -- can the conservative party live for another two years or are we going to get the bow sooner than they thought russian mark guy: thank you very much. king's college london professor of economic and public policy. let's talk about the significance of all of this. we were discussing the economic backdrop that the u.k. finds itself within the moment. the markets have made it clear, the big shifts in policy are not going to be tolerated. does the politics matter? does it matter who leads the conservative party? does it matter whether it is conservative or labor of the stage? jonathan: i think it does matter who leads the country in the median term. in the short-term, but we are going to have is not a huge fiscal policy. we have to recognize that, some of the issues that liz truss w eighs, low growth is stagnant productivity, low-wage in the last 10 years of the u.k. economy, those may have been due to the policy mistakes of the conservative party. that does not mean that she was wrong in raising those as being issues. the problem is, re

and the conservatives that all i lead a government unity, conservative party of no choice. otherwise, they're looking at an election wipe out in a couple of years time when they have to go to the country, which is, you know, certainly being with general election and try and united policy. but the economic headwinds that he confronts means that he can offer many good to an electric that is very difficult when confronted by cost of living prices funded by those rising fuel costs. now obviously, richie said, has played significant roles in the conservative party. and in british politics over the years, but now the conservative party particularly is making i'm the media to is talking about the fact that he is the 1st non white british prime minister, or he is likely to be how much do you think the tory party may attempt to capitalize on that to use that to try to encourage you to make connections with member. but with cultures within the united kingdom, who perhaps may have felt alienated by quote, traditional conservatism. i will definitely try and capitalize on the next day t

party, one of his priorities was to get more unity in the conservative party in a thing therefore, we can expect and perhaps reaching out to people who perhaps reaching out to people who perhaps he has not always agreed with and perhaps people over the last time he ran to conservative party leaders when liz truss was victorious, press and people who backed liz truss in the contest can still expect to find themselves given a seat at the table. of course, liz rishi sunak has to grapple with the economic situation the uk and in jeremy hunt was broad enough that long ago by liz truss and his work to calm the markets and we know he is working on economic plan to be published on october the 31st and then, it will be quite a lot of pressure on rishi sunak if he is wanting to, perhaps keep the economy and as much of a stable situation as he can get it and perhaps a bit of pressure to keepjeremy hunt in place for the stability there. i don't think that someone would find it particularly difficult to work with in terms of getting the uk finances in a better state. of course, opposition parties

you have been a conservative party voter? i have in the past, yes, and i wouldn't vote conservative now because i don't feel we can trust them. i feel a whole fiasco with boris and followed with the whole fiasco now with liz truss, i don't feel i can support them any more. ifeel we need a change. like a lot of people, i'm put off by what's going on. they haven't covered themselves in glory. you are put off voting for them at the next general election? whenever that might be? i'm afraid so at the moment, yes. is thoughts turn to the next prime minister, one familiar name... bring back boris. is that what you would like to see? well, he did a good job on brexit. i think somebody over there agrees with me so yes, bring back boris. personally, iwould bring back boris — that's my answer. we hear he may be throwing his hat into the ring, why do you want to see him return? it was an excellent leader, he made mistakes and admitted to it eventually, and apologised eventually but he's a good all—round leader. but not everybody was

i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him that i am resigning as leader of the conservative party. the race is now on to find a successor, with a new prime minister due to move into downing street by the end of next week. we'll examine whether the conservative party can find a person capable of repairing the damage, and all the latest reaction. also on the programme. in beijing, the chinese communist party congress continues, but some parts of the city are back under a covid lockdown. and a jury in new york clears the actor kevin spacey of making unwanted sexual advances on a iii—year—old. hello and welcome to the programme. the uk is set to get a new prime minister by the end of next week, after the conservative party announced details of a fast—tracked contest to choose its leader following liz truss�*s resignation. she stepped down afterjust six chaotic weeks in the job, by far the shortest tenure in british history. her leadership foundered when the mar