Liz Truss resigns as UK Prime Minister, says 'cannot deliver mandate'

Liz Truss, the British prime minister, announced her resignation from her position on October 20. 

After she implemented an economic strategy that caused a bond market meltdown barely six weeks into her employment, she faced increasing demand to resign.

With this, Truss will have served as prime minister for just 45 days, the shortest period in UK history. 

During that time, her mini-budget rocked the markets, and she lost two important ministers.

I am unable to carry out the Conservative Party's mandate for me.

As a result, I have informed His Majesty the King that I am stepping down as the head of the Conservative Party, she stated.

Today, Liz Truss, the UK's 44-day-old prime minister, announced her resignation.