Liz Truss resigns after 44 days in power marred by a mini-budget fiasco

LIZ Truss has dramatically announced that she will step down as Prime Minister after just 44 days in office.

The embattled Prime Minister delivered a speech outside Downing Street this afternoon.

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Ms Truss’ downfall began just days into her tenure as prime minister, when the disastrous mini-budget was announced.

The 45 billion tax fire sent mortgages skyrocketing and the pound plummeting.

It caused an uproar among Tory MPs, who questioned why the Prime Minister was cutting taxes on the wealthy while Britons are suffering from a crippling cost of living crisis.

Ms Truss attempted to salvage her career by using the more moderate Jeremy Hunt to replace ally Kwasi Kwarteng as chancellor.

Mr Hunt tore the mini-budget to shreds, a move that calmed markets.

But the damage was done and restless MPs were demanding the Prime Minister’s head.

Fifteen Conservative backbenchers publicly urged the Prime Minister to come over this morning and dozens more said they wanted her privately.

And this morning Sir Graham Brady, Chief of the 1922 Backbench Committee, visited the Prime Minister at Downing Street.

It is for Sir Graham to inform the Prime Minister if and when she has lost the confidence of most of her MPs.

The Sun understand Ms Truss asked the meeting to be updated on the party mood.

But just hours ago a spokesman for the prime minister admitted “yesterday was a difficult day” but added there were “no plans for change” and “the prime minister will carry on beyond the 31st”.