The United Kingdom Prime Minister Liz Truss announced her resignation today (October 20) after a tenure of just 45 days.
She had to announce her resignation after an economic programme by the government shattered investors' confidence and enraged the Conservative Party members.
Shortest serving UK PM: By resigning today, Truss also became the shortest-serving Prime Minister in UK's history. Truss's resignation is the third one by a Conservative Prime Minister in as many years. Just a day earlier, she had vowed to stay in power, saying she was “a fighter and not a quitter.”
What she said: In her speech outsidethe 10 Downing Street, Truss announced her resignation and said that a leadership election will be held within the next week. She also said that she had spoken with Graham Brady, the head of the 1922 Committee.
“This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We’ve agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our country’s economic stability and national security," she said.
Truss said she would remain the Prime Minister until a successor is chosen.
Why she resigned: