Liz Truss will leave downing street as the shortest serving Prime Minister in history after a disastrous time in office.

After being elected only 7 weeks ago, she gave a speech outside No.10 stating her intent to resign as Conservative Party leader after only 45 days.

In her speech she said: “I recognise I cannot deliver the mandate on which I was elected by the Conservative Party. I have spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.”

She went on to describe the positives of her time in office. She said: “We delivered on energy bills and on cutting national insurance. We set out a vision for a low tax high, growth economy that would take advantage of the freedoms of Brexit.”

She also announced that due to her resignation, a leadership contest would take place among the current Conservative Party MPs.

This was later confirmed by Sir Graham Brady, chairmen of the 1922 Committee.

He announced that there would be new Conservative Party leader and Prime Minister by next Friday.