UK Prime Minister Liz Truss announces resignation

British Prime Minister Liz Truss has announced she will stand down as leader of the Conservative party after her policies triggered economic turmoil and sharply divided the party.

Speaking outside her Downing Steet office on Thursday, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.

“I recognise though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” she said.

A leadership election will be completed within the next week.