LIZ Truss has dramatically announced she will RESIGN as Prime Minister after just 44 days in office.

The embattled PM made a speech outside Downing Street this afternoon confirming the astonishing turn of events.

A Tory leadership race will now begin and a new PM will be chosen in the next WEEK.

Ms Truss’ downfall began just days into her premiership, when the disastrous mini budget was announced.

The 45bn tax bonfire sent mortgages soaring and the pound plummeting.

It caused uproar among Tory MPs who questioned why the PM was cutting taxes for the rich as hard up Brits suffer in a crippling cost of living crisis.

Ms Truss tried to save her career by bringing in the more moderate Jeremy Hunt to replace ally Kwasi Kwarteng as Chancellor.

Mr Hunt tore the mini budget to shreds, a move that calmed down markets.

But the damage had been done and restless MPs began calling for the PM’s head.

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https://www.thesun.co.uk/news/20169872/liz-truss-announces-she-will-resign/

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