BREAKING: British PM, Liz Truss, Resigns

Liz Truss has resigned as prime minister of Britain after just 45 days in office.

The announcement, made by Truss outside Downing Street, follows the near-complete evaporation of her political authority which has seen her crash the markets, lose two key ministers and shed the confidence of almost all her own MPs.

Truss will be the shortest-serving prime minister in UK history.

Liz Truss began her statement by saying that she came into office “at a time of great economic and international instability”.

Britain has been “held back for too long by low economic growth”, she said.

She added that she was elected by her party with a mandate to change this.

Her government “delivered on energy bills” and cut national insurance, she said, as well as “setting out a vision for a low tax high growth economy that would take advantage of the freedoms of Brexit”.

“I recognise though given the situation I cannot deliver the mandate on which I was elected by the Conservative party”, she added.