Liz Truss quits as UK prime minister
Liz Truss said that she had agreed with Graham Brady, the chair of the backbench 1922 committee of MPs, a timeline under which she would be replaced by the end of next week.
That timeline implies that MPs will choose the next prime minister without a vote of the Conservative membership.
“I came into office at a time of great economic and international instability,” she said. “Families and businesses were worried about how to pay their bills. Putin’s war in Ukraine threatens the security of our entire continent.”
Truss said she was elected with a mandate to create greater economic growth but was not in a position to deliver it.