Barely six weeks after taking office, British Prime Minister Liz Truss on Thursday announced her resignation.
Truss bowed to the inevitable after her right-wing platform of tax cuts disintegrated and as many MPs among the ruling Conservatives revolted.
Speaking in Downing Street, Truss said she would stay on as prime minister until a successor is chosen to serve as Tory leader.
“We’ve agreed that there will be a leadership election to be completed within the next week,” she said, after senior backbench MP Graham Brady told her the game was up.
“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.”
Truss was UK’s third female PM after Margaret Thatcher and Theresa May.
