Liz Truss announced on Thursday that she was leaving as prime minister

Just six weeks after her appointment, Liz Truss announced on Thursday that she was leaving as prime minister, due to her economic programme that sent shockwaves through the markets and divided her Conservative Party.

A leadership election will conclude during the next week.

Truss, speaking outside the entrance to her office at 10 Downing Street, acknowledged that she could not keep the pledges she made when vying for Conservative leader because she had lost the party's confidence.

“I recognise though, 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,” she said.

“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.”

By fLEXI tEAM