Why UK PM Liz Truss resigned in just 45 days?

British Prime Minister Liz Truss announced her resignation on Thursday after just 45 days in power, after her economic policies sank markets and undermined her authority.

"Given the situation, I cannot fulfill the mandate for which I was elected by the Conservative Party," said Truss outside her residence at 10 Downing Street.

The resignation comes after enormous pressure from her own party and after the resignation of two of her closest collaborators.

In a brief statement outside 10 Downing Street, the seat of the British government, Truss said that she had announced to King Charles III her resignation as head of the Conservative Party and thus her position as Prime Minister.

She added that she would continue in the post until a new party leader is elected, which may happen in the next few days.

"Given the situation, I cannot fulfill the mandate for which I was elected by the Conservative Party," said Truss, who became the head of the British government who spent the least time in charge of the Executive. The Conservatives will have to hold a new internal election, but Labor is already asking for a general election.

Demand an immediate general election

Leaders of the Labour and Liberal Democrat parties have demanded an immediate general election, insisting there will be no voter mandate for a third Conservative prime minister within two months.

In a brief statement at a lectern in Downing Street, Mrs Truss said she accepted that she "cannot fulfill the mandate" for which she was elected.

She spoke to King Charles III this morning to notify him of her decision to resign as leader of the Tory party, before requesting a meeting with Sir Graham, who is acting as the representative of the secondary MPs.

Expectations that Mrs Truss had decided to step down were fueled when Deputy Prime Minister Therese Coffey and Conservative President Sir Jake Berry joined the meeting.

Shortly after 1 p.m. Truss emerged from the famous black door of number 10 dressed in a dark blue dress.

She said: “We have agreed that there will be a leadership election to be completed within the next week.

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