Liz Truss announces her resignation as UK’s prime minister after 45days

Liz Truss has announced her resignation as prime minister.

Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic program that shattered investor confidence and enraged much of her Conservative Party.

Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
Truss, who had said on Wednesday she was a “fighter and not a quitter”, told the mass of journalists gathered in Downing Street that she realized she could no longer deliver on the promises that won her the Conservative leadership.

“I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent.
A new leadership election will be completed by next Friday, Oct. 28. Those expected to run include former finance minister Rishi Sunak and Penny Mordaunt, a former defense minister.

Truss the briefest serving PM in UK history

Liz Truss has been in office for just 45 days – the shortest tenure of any UK prime minister.

The second shortest-serving PM was George Canning, who served for 119 days after dying in 1827.

Trouble began when her first Chancellor, Kwasi Kwarteng, spooked the financial markets with his mini-budget on 23 September.
Since then, Conservative disquiet has morphed into widespread anger within the parliamentary party.

Her stepping down today follows dramatic scenes in the House of Commons last night over a vote on fracking.