UK PM Liz Truss resigns after just 6 weeks, rejected by financial markets and her own party

Liz Truss' tenure was marked by a market crash, major policy u-turns, a changing Cabinet, and her own party members telling her to quit.

• UK Prime Minister Liz Truss announced her resignation on Thursday.
• She said she would remain in the role until a new leader of her party is chosen.
• Truss' economic growth plan sparked chaos in the markets and her own party.

UK Prime Minister Liz Truss resigned on Thursday just over six weeks after she took on the role, making her the shortest-serving prime minister in her country's history.

Her resignation came amidst an economic crisis in Britain and after a series of policy reversals by her government which badly eroded Truss's authority.

Her announcement on Thursday came on her 45th day in office. The previous record for the role was 119 days.

Speaking outside Downing Street, Truss said that she was not able to deliver the mandate that she was elected on and would leave the role after her successor is chosen in a party leadership contest. That process will be done in less than a week, the head of an influential party committee said.

A string of Tory MPs publicly urged Truss to resign earlier on Thursday, with many of them describing her government as unsustainable.

It followed a fractious vote Wednesday night in parliament, where the government narrowly won a vote on energy policy but was faced with furious allegations of bullying MPs into voting.

Truss became the prime minister on September 6, after she won her party's leadership contest.

But since that victory, her time in office was marked by controversy, leaving her the least-popular Conservative prime minister in history and with her party's polling numbers plummeting.

Her mini-budget last month spooked the markets, prompted a plummeting British pound and forced her to replace her finance minister, who reversed almost the entire package of economic measures.

The Home Secretary also resigned on Thursday, which meant Truss' top two Cabinet members were gone from her government within weeks of their appointments.

The leader of the Labour party, the UK's biggest opposition party, said that the country should have a general election instead of another prime minister being appointed by the Conservatives.

He said the Conservatives lack the "basic patriotic duty to keep British people out of their own pathetic squabbles."

This story is developing. Please check back for updates.