New Prime Minister will be elected in just days after Liz Truss resigns as PM in bombshell announcement
Conservative MPs were outraged and questioned why the PM was lowering taxes for the wealthy as hard-pressed Britons suffer from a crippling cost of living problem.
Boakyewaa Lawrencia 
After Liz Truss' shocking resignation launched a Tory leadership contest, a NEW PM will be chosen in a matter of days.
In an address delivered this afternoon outside Downing Street, the besieged PM announced her resignation.
I cannot fulfill the mandate on which I was elected, thus I told King Charles I am resigning, the prime minister declared in a speech to the nation this afternoon.
She declared that a leadership election will take place "in the following week."
Just a few days into her term as premier, the terrible mini budget was unveiled, setting off Ms. Truss' downfall.
Mortgage prices skyrocketed and the pound fell as a result of the 45 billion tax burning.
Conservative MPs were outraged and questioned why the PM was lowering taxes for the wealthy as hard-pressed Britons suffer from a crippling cost of living problem.
By replacing her supporter Kwasi Kwarteng as chancellor with the more moderate Jeremy Hunt, Ms. Truss attempted to rescue her career.
Markets were calmed after Mr. Hunt tore the mini budget to pieces.
