GovWire

Speech: Liz Truss's final speech as Prime Minister: 25 October 2022

Prime Ministers Office 10 Downing Street

October 25
10:08 2022

It has been a huge honour to be Prime Minister of this great country.

In particular, to lead the nation in mourning the death of Her Late Majesty The Queen after 70 years of service,

and welcoming the accession of His Majesty King Charles III.

In just a short period, this government has acted urgently and decisively on the side of hardworking families and businesses.

We reversed the National Insurance increase.

We helped millions of households with their energy bills and helped thousands of businesses avoid bankruptcy.

We are taking back our energy independence

so we are never again beholden to global market fluctuations or malign foreign powers.

From my time as Prime Minister, I am more convinced than ever we need to be bold and confront the challenges that we face.

As the Roman philosopher Seneca wrote: It is not because things are difficult that we do not dare. It is because we do not dare that they are difficult.

We simply cannot afford to be a low growth country where the government takes up an increasing share of our national wealth

and where there are huge divides between different parts of our country.

We need to take advantage of our Brexit freedoms to do things differently.

This means delivering more freedom for our own citizens and restoring power in democratic institutions.

It means lower taxes, so people keep more of the money they earn.

It means delivering growth that will lead to more job security, higher wages and greater opportunities for our children and grandchildren.

Democracies must be able to deliver for their own people

We must be able to outcompete autocratic regimes, where power lies in the hands of a few.

And now more than ever we must support Ukraine in their brave fight against Putins aggression.

Ukraine must prevail.

And we must continue to strengthen our nations defences.

That is what I have been striving to achieve and I wish Rishi Sunak every success, for the good of our country.

I want to thank Hugh, Frances, Liberty, my family and friends, and all the team at No10 for their love, friendship and support.

I also want to thank my protection team.

I look forward to spending more time in my constituency, and continuing to serve South West Norfolk from the backbenches.

Our country continues to battle through a storm.

But I believe in Britain.

I believe in the British people.

And I know that brighter days lie ahead.

Published 25 October 2022
Last updated 25 October 2022 +show all updates
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