It has been a turbulent time in UK politics.

Barely six weeks after taking office as the country's prime minister, Liz Truss is now throwing in the towel.

At a lightning-quick press conference at 10 Downing Street on Thursday afternoon, Liz Truss opened by talking about the difficult economic times that prevailed when she took office as Prime Minister.

- Families and businesses were worried about how they would pay their bills.

Putin's illegal war in Ukraine threatened the security of our entire continent.

And our country had been held back by low economic growth for far too long.

I was elected by the Conservative Party with a mandate to change this, says Truss.

She goes on to say that they put a ceiling on the electricity bills and lowered the employer's contribution.

The vision they had was a low-tax, high-growth economy that would take advantage of the freedoms brought by Brexit.

- However, I realize that, given the situation, I cannot carry out the mandate I was given by the Conservative Party.

Therefore, I have spoken to His Majesty the King and announced that I am resigning as leader of the Conservative Party, she says in her resignation speech.

According to Liz Truss, her party will now appoint a new party leader within a week.

She will remain as Prime Minister until a replacement is chosen.

Sat for 45 days

Liz Truss was elected party leader of the Tories party, and thus also Prime Minister of the United Kingdom, on September 6, 2022. She is the one who has held the position of British Prime Minister for the shortest time, 45 days.

Truss's premiership has been turbulent.

When she took office, she proposed steep tax cuts to boost the British economy, which was met with criticism and resulted in the pound plummeting.

Truss was forced to back down on the point of marginal tax for high earners and sacked Finance Minister Kwasi Karteng.

Kwarteng's successor, Jeremy Hunt, made a U-turn on tax policy and basically threw all the promised tax cuts in the trash.

However, that did not silence Truss' critics, who continued to demand her resignation.

Over ten Conservative MPs have called for Liz Truss' resignation.