Liz Truss resigns as prime minister

Liz Truss has announced she is resigning as prime minister after 45 days, making her premiership the shortest in British history. 

A leadership contest will be completed within the next week. 

Leader of the Labour party Keir Starmer has called for a general election immediately. 

Truss said she met with the 1922 committee chairman Sir Graham Brady today. 

She added: “I recognise… given the situation I cannot deliver the mandate on which I was elected by the conservative party.”

Truss has notified His Majesty the King of her resignation. 

This comes 24 hours after she said “I am a fighter not a quitter”. 

Yesterday, Home Secretary  Suella Braveman was also asked to resign. 

Truss’ resignation has sparked recovery for the pound and government borrowing costs.

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