1. Prime Minister Liz Truss has resigned as UK prime minister in a statement outside Downing Street

She said she could not deliver the mandate on which she was elected as Tory leader and had notified the King that she was resigning

• There will be a Conservative leadership election to be completed within the next week, she said
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• “I will remain as Prime Minister until a successor has been chosen,” she said
• Her departure after 45 days in office makes her the shortest-serving PM in UK history
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• Truss’s premiership as been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor
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• The resignation of her home secretary on Wednesday and a chaotic vote in the Commons sealed her fate