Liz Truss, the prime minister of the United Kingdom, announced her resignation on Thursday 20th October 2022.
Having just been in the position for 6 weeks, she resigned.
Truss, who served 45 days in office, announced her resignation following a week-long emergency search for her replacement.
On Thursday, she made an announcement about her resignation in front of Downing Street.
"I entered office with a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit," Truss said.
She added, "I recognise that, 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 notify him that I am resigning as leader of the Conservative party.
"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 behalf to deliver our fiscal plans and maintain our country’s economic stability and national security. I will remain as prime minister until a successor has been chosen.”
"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 plan and maintain our country’s economic stability and national security.
"I will remain as prime minister until a successor has been chosen," she said.
A key minister quit and MPs revolted, prompting the embattled British PM to admit it had been a "tough day," according to AFP.
Within her first six weeks in power, more than a dozen Conservative MPs openly begged Truss to step down after her tax-cutting proposals sparked a market collapse amid an already dire cost-of-living problem.
Although party rules now ban another leadership contest for a year, many more are reportedly believed to have written letters demanding for her removal.