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British Prime Minister Liz Truss Steps Down

British Prime Minister Liz Truss Resigns As UK Prime Minister and Leader Of the Conservative Party

Speaking outside Downing Street, she said she could not deliver the mandate on which she was elected

It kickstarts a contest to find the next Tory leader and PM - hopefuls need to get the backing of 100 MPs by Monday afternoon

If there are two candidates, the Tory membership will get to vote again, and a winner will be picked by Friday

The newly-appointed Chancellor Jeremy Hunt rules himself out. But Rishi Sunak and Penny Mordaunt are seen as contenders

Sources close to former PM Boris Johnson do not confirm or deny speculation he will stand again

Truss's resignation after 45 days in office makes her the shortest-serving PM in UK history

Her now-abandoned September mini-budget started the turmoil; a chaotic night in the Commons on Wednesday sealed her fate.

News Source: BBC

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