LIZ Truss resigns as PM after just 44 days in office

 Liz Truss has officially resigned, and will be replaced “within the week.”

Mrs Truss confirmed this in her resignation speech outside Downing Street this afternoon.

She said in her speech “I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills. I was elected by the Conservative Party with a mandate to change this. I recognize, given the situation, I cannot deliver the mandate on which I was elected by the Party. I have therefore spoken to the King to notify him that I am resigning as leader of the Conservative Party.

“This morning I met the chairman of the 1922 Committee, Sir Graham Brady. We have agreed that there will be a leadership election to be completed within the next week. I will remain as Prime Minister until a successor has been chosen” She added.

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 Deputy Secretary of the Russian Security Council Dmitry Medvedev has derided British Prime Minister Liz Truss' poor performance in office, by joking that she deserved a Nobel Prize for collapsing the national economy.

"The Nobel Prize in economics for the speediest destruction of the national finance system should be awarded to Truss," Medvedev wrote on his Telegram channel.