UK Prime Minister Liz Truss resigns

LONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. Truss said in a statement outside Downing Street, “We set out a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit.” “I recognize 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 announce that I am resigning as leader of the Conservative Party.” The party is…