Liz Truss has resigned from her post as Prime Minister, making her the shortest-serving PM in history. The markets have thus far been quiet, but the value of the pound did rise immediately after the announcement, signaling the lack of faith in Truss’ leadership.
There is no news yet on who will take over, or who will throw their hats into the ring, but Jeremy Hunt has claimed that he will not be running for leadership.
Labour leader Keir Starmer has demanded an election.
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