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In pictures: UK prime minister Liz Truss has resigned after just 44 days in office

Truss came to power after Boris Johnson was removed from office after only two years as Prime Minister

UK politics: Banks frustrated with government U-turns
UK politics: Banks frustrated with government U-turns

UK prime minister Liz Truss’ shock departure comes following a political storm over her mini budget. Much of the budget had to be scrapped after a political backlash, and her Chancellor was fired. Last night another major cabinet minister, the Home Secretary, also quit.

Truss came to power after Boris Johnson was removed from office after only two years as Prime Minister. Ahead of Liz Truss’s statement the official lectern was wheeled outside 10 Downing Street.

“I recognise though given the situation I cannot deliver the mandate on which I was elected by the Conservative party,” Truss said in her announcement.

Truss’ resignation outside Downing Street was due to the evaporation of her political authority, which triggered market crashes, followed by the loss of two key ministers, and eventually losing the confidence of majority of her own MPs.

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