UK Prime Minister Lizz Truss Resigns

The United Kingdom Prime Minister, Liz Truss has tendered her resignation.

Truss, who spent 45 days in office, disclosed that she would step down after a week-long emergency contest to find her successor

She announced her decision to step down on Thursday outside 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.”