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World Business Report: First broadcast 20/10/2022 14:32 GMT : UK Prime Minister Liz Truss resigns

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UK Prime Minister Liz Truss resigns

First broadcast 20/10/2022 14:32 GMT 

First broadcast 20/10/2022 14:32 GMT : UK Prime Minister Liz Truss resigns

BBC World Service - World Business Report, UK Prime Minister Liz Truss resigns

Prime Minister Liz Truss resigns as UK Prime Minister and leader of Conservative Party.

Prime Minister Liz Truss has resigned as UK Prime Minister. In a statement she said could not deliver the mandate on which she was elected as Conservative  leader

UK Prime Minister Liz Truss has resigned. In a statement she said could not deliver the mandate on which she was elected as Conservative leader. Her premiership has been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor.We hear what this all means for the economy from Paul Drechsler, the chair of  the UK arm of the International Chamber of Commerce. We also hear from Linda Yueh who is a Fellow in Economics at Oxford University.

The Ghanaian Cedi has become the worst performing currency in the world after it lost 45.1% of its value to the US dollar in 2022.The government is to begin formal negotiations with the International Monetary Fund for a $3 billion bailout programme. Pamela Mortu is the owner of Pam's Diva Foods and Setups, a catering service provider in Accra and talks about what this means for businesses.

Turkey's central bank has cut the interest rate for the third time in three months. Millions of Turkish people are experiencing economic hardship because of high inflation. We hear from our reporter in Turkey Victoria Craig.

(Image: British Prime Minister Liz Truss resigns  Source: European Pressphoto Agency)

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First broadcast 20/10/2022 14:32 GMT : UK Prime Minister Liz Truss resigns

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