UK Prime Minister Liz Truss resigns after failed budget.

Liz Truss announced her resignation as Prime Minister of the United Kingdom on October 20, 2022, after 44 days in office, to take effect once her successor is elected.

When this happens, she will be the British Prime Minister with the shortest tenure in history.

Liz Truss said in a statement outside Downing Street: “We set out a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit.”

“I recognize 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 announce that I am resigning as leader of the Conservative Party.”

Her resignation comes after a meeting with Graham Brady, the Conservative politician in charge of leadership elections and shuffles.

Brady chairs the 1922 Committee, a group of Conservative MPs who do not hold ministerial positions and can vote no confidence in the prime minister.

A Downing Street spokesperson told reporters just before the meeting that Truss wanted to stay in office.

During the hour-long meeting, the number of MPs publicly calling for Truss’ resignation reached 17. By Thursday, October 20, 2022, more than 100 people had written letters to Brady expressing their dissatisfaction with the prime minister.