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LIZ TRUSS RESIGNS AS UK PRIME MINISTER

Prime Minister Liz Truss has resigned as UK prime minister and leader of the Conservative Party in a statement outside Downing Street

She said she could not deliver the mandate on which she was elected as Tory leader and had notified the King that she was resigning

A Conservative leadership election will be completed within the next week, she said

“I will remain as prime minister until a successor has been chosen,” she said

Her departure after 45 days in office makes her the shortest-serving PM in UK history

Truss’s premiership has been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor

The resignation of her home secretary on Wednesday and a chaotic vote in the Commons sealed her fate.

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