Liz Truss’s resignation was anticipated following a backlash from several quarters amid massive economic turmoil following her policies, and an already dire life crisis in Britain.
Truss announced her resignation in an address outside Downing Street, where she said there would be a leadership contest within the next week, adding that she met today with Sir Graham Brady, the chairman of the 1922 committee. "This morning I met Sir Graham Brady, the chairman of the 1922 Committee. We have agreed that the election of the leadership will be completed within the next week. This will ensure that we meet our financial plans and the economic stability of our country. And stay on the path of maintaining national security."
She said she would remain as the prime minister until a successor is chosen.