Liz Truss resigns as prime minister

Prime minister Liz Truss has resigned after 45 days in the role.

A Conservative Party leadership contest will be held in the next week to find a successor.

The announcement comes after several of her own MPs called for her to resign, following ministerial resignations and U-turns on economic policies.

She was elected leader in September, meaning she has become the shortest serving British prime minister in history.

In her resignation speech outside Number 10, Truss said: "I recognise that I cannot deliver the mandate on which I was elected by the Conservative Party."

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