After 45 days in office, Liz Truss became the shortest-serving prime minister in British history, after resigning as a leader of the Conservative Party and subsequently as Prime Minister.
She will lead the government until the party chooses her successor, who will be the fifth Prime Minister of the British government since 2016.
In a short farewell speech, Truss said her government “set out a vision of a low-tax, high-growth economy that would take advantage of all the benefits and freedoms of Brexit”.
“I understand, however, given the situation, that I cannot realize what the conservative party elected me to do,” Truss said.
She met with the party’s general secretary, Sir Jake Berry, with whom she agreed that an election for a new party leader would be held within a record week to ensure a speedy transfer of power.
Despite the fact that the majority of the British public has been in favor of Truss handing over the mandate to someone else for days, there is still no consensus on who it should be. British media speculate that the choice could come down to former prime minister Boris Johnson, finance minister Jeremy Hunt and former prime minister Theresa May.