Liz Truss resigns as British Prime Minister after a 45-day tenure.

Liz Truss resigned amid a political crisis, ending her 45-day tenure as Prime Minister as the shortest in British history.

Liz Truss announced her resignation as British Prime Minister on Thursday, citing an economic programme that has roiled financial markets.

The Conservative Party, which has a large majority in parliament and does not need to call a national election for the next two years, will choose a new leader by Oct. 28.

Speaking outside her Number 10 Downing Street office, Truss revealed that she had lost the trust of her party.

and announced her resignation next week, making her the shortest-serving prime minister in British history.

Following his election as the leader of the Conservative Party by its members in September, Truss became Britain's fourth prime minister in six years.

Deregulation, tax cuts financed by borrowing, and a strong turn to the right on social and cultural matters were among her campaign pledges.