
U.K. Prime Minister Liz Truss announced her resignation Thursday after just 44 days in office amid a worsening cost-of-living crisis and continued fallout over a scrapped plan to cut taxes for the ultra-rich.
"I recognize given the situation I cannot deliver the mandate on which I was elected by the Conservative Party," Truss said in a speech. "I've spoken to his majesty the king to notify him I'm resigning as leader of the Conservative Party."