<div><span style="font-size: 1rem;">Prime Minister Liz Truss has resigned as UK prime minister in a statement outside Downing Street, reports BBC.</span><br></div><div><br></div><div>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.</div><div><br></div><div>There will be Conservative leadership election to be completed within the next week, she says.</div><div>"I will remain as Prime Minister until a successor has been chosen," she said.</div><div><br></div><div>It comes after she met the chairman of the 1922 Committee of backbench MPs as more Tories called for her to quit.</div><div><br></div><div>Truss's premiership came under renewed pressure after the home secretary resigned and a chaotic vote on fracking.</div><div><br></div><div>There was fury on Wednesday evening around the vote and the methods used to get MPs to vote with the government.</div><div><br></div><div>Muted response on markets to resignation</div><div>There has been a muted response on the markets after Liz Truss announced she was resigning as prime minister.</div><div><br></div><div>The pound rose initially in the immediate aftermath of the statement before settling back at around $1.12.</div><div>Before she delivered her statement, one analyst said the markets were "watching in a kind of stunned, open-mouthed horror" at political events.</div><div><br></div><div>Truss the briefest serving PM in UK history</div><div>Liz Truss has been in office for just 45 days - the shortest tenure of any UK prime minister. The second shortest serving PM was George Canning, who served for 119 days before dying in 1827.</div><div><br></div><div>Trouble began when her first Chancellor, Kwasi Kwarteng, spooked the financial markets with his mini-budget on 23 September.</div><div><br></div><div>Since then, Conservative disquiet has morphed into widespread anger within the parliamentary party.</div><div><br></div><div>Her stepping down today follows dramatic scenes in the House of Commons last night over a vote on fracking. Calls for her to go kept growing in the hours afterwards.</div><div><br></div><div>Starmer demands election as Truss quits</div><div>Labour leader Keir Starmer has demanded a general election "now" after Liz Truss announced her resignation as prime minister. Source: BBC</div><div><br></div><div>bnbd24/fas</div>