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2022-10-20

Liz Truss resigns as prime minister

Summary - BBC

* Prime Minister Liz Truss has resigned as UK prime minister and leader of the Conservative Party in a statement outside Downing Street

* She said she was doing so because she could not deliver the mandate on which she was elected as Tory leader

* It kickstarts a contest to find the next Tory leader and PM; Jeremy Hunt rules himself out but Rishi Sunak, Boris Johnson and Penny Mordaunt are all seen as contenders

* A shorter contest should produce a result by next Friday, says 1922 Committee chairman Graham Brady

* He says members will have a say unless MPs unite around one candidate

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

* Her premiership has been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor

* The resignation of her home secretary on Wednesday and a chaotic vote in the Commons sealed her fate

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