Liz Truss has resigned as Prime Minister of the United Kingdom just over a month after taking office.

In a statement read outside Downing Street, Ms Truss said: “I came into office at a time of great economic and international instability.”

“I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” she said.

“I have therefore spoken to His Majesty 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’ve agreed that there will be a leadership election to be completed within the next week.”

Her resignation brings to an her 44 fay premiership and presents the prospect of the UK accepting a third Prime Minister in a matter of months.

Labour party leader, Keir Starmer has renewed his call for an immediate general election.