Liz Truss resigns as British prime minister: "I can't deliver the mandate"

Liz Truss announced her resignation as British prime minister Thursday morning following weeks of controversy over her economic plan, which sent shockwaves through the markets and divided her Conservative Party just six weeks after she was appointed.

A leadership election will be completed within the next week to replace Truss, who is the shortest-serving prime minister in Britain's history at 44 days. George Canning previously held the record, serving 119 days in 1827, when he died.

Speaking outside the door of her Number 10 Downing Street office and residence, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader, having lost the faith of her party.

"I recognize though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.” She said.

Conservative lawmakers have increasingly called on Truss to step down after she was forced to junk most of her economic program which when delivered on Sept. 23 sent the pound and government bond markets tumbling.

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