Liz Truss will become Britain`s shortest-serving prime minister ever, after announcing her intention to resign just six weeks into a disastrous term that pitched Britain deep into political and economic turmoil.
Truss said Thursday that she would step aside for a new leader to be chosen within the next week, after a growing number of her own Conservative Party`s lawmakers said they could not support her any longer.
It brings to an ignominious end a catastrophic tenure in Downing Street, which appeared doomed ever since Truss`s flagship economic agenda sent markets into panic and led to a fall in the value of the pound.
Her decision ensures a fresh power struggle within the ruling Conservative Party, which has hemorrhaged public support for the past year and has now overthrown Boris Johnson and Truss in the space of a few months.
