She said she was elected “with a mandate to change this”, adding: “We delivered on energy bills.”
“I recognise, though, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” she added.
Advertisement
“I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party.
“This morning, I met the chairman of the 1922 committee, Sir Graham Brady. We’ve agreed that there will be a leadership election to be completed within the next week.”
Ms Truss will remain as prime minister until her successor has been chosen.
Image: Liz Truss’s husband Hugh O’Leary stood nearby as she resigned as PM
Sir Graham said the committee expects to conclude a leadership election by Friday 28 October with a new PM in place in time for the 31 October fiscal statement.
He said Tory members are expected to be able to vote but the candidates could be whittled down to just one.
A senior Tory source suggested MPs will have to put their nominations in by Monday.
Ms Truss’s resignation came just a little over 24 hours after she told MPs she was a “fighter, not a quitter”.
Who will be the next PM?
There has been much speculation about who could replace Ms Truss, with new chancellor Jeremy Hunt one of the main names being suggested.
However, Sky News’ deputy political editor Sam Coates said he has been told Mr Hunt will not stand.
Other Tory MPs being suggested as running are Penny Mordaunt, Rishi Sunak, Kemi Badenoch, and even ex-PM Boris Johnson.
Former leadership candidate Tom Tugendhat has ruled himself out.
Sky News understands Commons leader Ms Mordaunt and Justice Secretary Brandon Lewis are taking soundings from Tory MPs over whether to put their hats in the ring.
Loyal Johnson supporter Tory MP James Duddridge tweeted his support for the former PM, who is currently on holiday in the Caribbean.
“I hope you enjoyed your holiday boss,” he said.
“Time to come back. Few issues at the office that need addressing. #bringbackboris.”
Image: Sir Graham Brady said the leadership campaign will be concluded by next Friday
Labour leader Sir Keir Starmer called for a general election “now” as he said the British public “must have a chance at a fresh start”.
He added: “The Tories cannot respond to their latest shambles by yet again simply clicking their fingers and shuffling the people at the top without the consent of the British people.
“They do not have a mandate to put the country through yet another experiment; Britain is not their personal fiefdom to run how they wish.”
Please use Chrome browser for a more accessible video player
1:06
Labour leader calls for general election now
The start of Truss’s downfall
Ms Truss’ downfall began when her former chancellor Kwasi Kwarteng announced his mini-budget on 23 September, which prompted weeks of economic turmoil and eventually led to him being sacked last Friday.
Mr Hunt, who voted for Rishi Sunak during the leadership campaign, then took over as chancellor and U-turned on the majority of the unfunded mini-budget tax cuts on Monday – further undercutting Ms Truss’s authority.
On Wednesday afternoon, her home secretary, Suella Braverman, then quit after saying she had breached security rules by sending a policy message to a colleague over her personal email by mistake.
Please use Chrome browser for a more accessible video player
1:49
PM: ‘I’m a fighter, not a quitter’
It only got worse on Wednesday evening after confusion over whether Labour’s opposition day vote on fracking was actually a confidence vote in the government or not – which resulted in allegations of physical “manhandling” of Tory MPs by colleagues.
Some Tory MPs had publicly called for Ms Truss’s resignation before that but in the hours before she quit, a flurry of Tory MPs revealed they wanted her to go.
Conservative Party rules prevent a leader from facing a confidence vote in the first 12 months of their tenure.
But it is understood that after a significant number of MPs wrote to Sir Graham Brady, chair of the 1922 Committee of backbench Tory MPs, calling for her to go, a decision was made that she could not stay.
A family of five Spanish tourists, including three children, have been killed in a helicopter crash in New York City.
A New York City Hall spokesman identified two of those killed as Agustin Escobar, a Siemens executive, and Merce Camprubi Montal – believed to be his wife, NBC News reported.
The pilot was also killed as the aircraft crashed into the Hudson River at around 3.17pm on Thursday.
New York Police commissioner Jessica Tisch said divers had recovered all those on board from the helicopter, which was upside down in the water.
“Four victims were pronounced dead on scene and two more were removed to local area hospitals, where sadly both succumbed to their injuries,” she said.
Image: The helicopter was submerged upside down in the Hudson. Pic: Reuters
Image: A crane lifted out the wreckage on Thursday evening. Pic: AP
The Spanish president Pedro Sanchez called the news “devastating”.
“An unimaginable tragedy. I share the grief of the victims’ loved ones at this heartbreaking time,” he wrote on X.
X
This content is provided by X, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable X cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to X cookies.
To view this content you can use the button below to allow X cookies for this session only.
The aircraft was on a tourist flight of Manhattan, run by the New York Helicopters company.
Witnesses described seeing the main rotor blade flying off moments before it dropped out the sky.
Image: Agustin Escobar and Merce Camprubi Montal.
Pic: Facebook
Lesly Camacho, a worker at a restaurant along the river in Hoboken, said she saw the helicopter spinning uncontrollably before it slammed into the water.
“There was a bunch of smoke coming out. It was spinning pretty fast, and it landed in the water really hard,” she said.
Please use Chrome browser for a more accessible video player
0:55
Witness saw ‘parts flying off’ helicopter
Another witness said “the chopper blade flew off”.
“I don’t know what happened to the tail, but it just straight up dropped,” Avi Rakesh told Sky’s US partner, NBC News.
Video on social media showed parts of the Bell 206 helicopter tumbling through the air and landing in the river.
Please use Chrome browser for a more accessible video player
1:59
New York mayor confirms six dead
Image: The crash happened near Pier 40. Pic: AP
New York Mayor Eric Adams confirmed the six deaths and said authorities believed the tourists were from Spain.
He said the flight had taken off from a downtown heliport at around 3pm.
Image: Pic: Cover Images/AP
The crash happened close to Pier 40 and the Holland tunnel, which links lower Manhattan’s Tribeca neighbourhood with Jersey City to its west.
Tracking service Flight Radar 24 published what it said was the helicopter’s route, with the aircraft appearing to be in the sky for 15 minutes before the crash.
The Federal Aviation Administration and the National Transportation Safety Board have started an investigation.
A former ballerina who spent more than a year in a Russian jail for donating £40 to a charity supporting Ukraine has returned home to the US after being freed in a prisoner exchange.
Ksenia Karelina landed at Joint Base Andrews in Maryland at around 11pm, local time, on Thursday.
A smiling Ms Karelina was greeted on the runway by her fiance, the professional boxer Chris van Heerden, and given flowers by Morgan Ortagus, President Donald Trump’s deputy special envoy to the Middle East.
Image: Ksenia Karelina arrives at Joint Base Andrews. Pic: AP
Van Heerden said in a statement he was “overjoyed to hear that the love of my life, Ksenia Karelina, is on her way home from wrongful detention in Russia.
“She has endured a nightmare for 15 months and I cannot wait to hold her. Our dog, Boots, is also eagerly awaiting her return.”
He thanked Mr Trump and his envoys, as well as prominent public figures who had championed her case, including Dana White, a friend of Mr Trump and CEO of the Ultimate Fighting Championship (UFC).
More on Donald Trump
Related Topics:
Ms Karelina, 34, a US-Russian citizen also identified as Ksenia Khavana, was accused of treason when she was arrested in Yekaterinburg, in southwestern Russia, while visiting family in February last year.
Investigators searched her mobile phone and found she made a $51.80 (£40) donation to Razom, a charity that provides aid to Ukraine, on the first day of Russia’s invasion in 2022.
She admitted the charge at a closed trial in the city in August last year and was later jailed for 12 years, to be served in a penal colony.
At a cabinet meeting on Thursday, Mr Trump, who wants to normalise relations with Moscow, said the Kremlin “released the young ballerina and she is now out, and that was good. So we appreciate that”.
Image: Ksenia Karelina is hugged by her boyfriend, Chris van Heerden. Pic: Reuters
Russian security services accused her of “proactively” collecting money for a Ukrainian organisation that was supplying gear to Kyiv’s forces.
The First Department, a Russian rights group, said the charges stemmed from a $51.80 donation to a US charity aiding Ukraine.
Washington, which had called her case “absolutely ludicrous”, released Arthur Petrov, who it was holding on charges of smuggling sensitive microelectronics to Russia, in the prisoner swap in Abu Dhabi.
Karelina was among a growing number of Americans arrested in Russia in recent years as tensions between Moscow and Washington spiked over the war in Ukraine.
Her release is the latest in a series of high-profile prisoner exchanges Russia and the US carried out in the last three years – and the second since Mr Trump took office.
White House national security adviser Mike Waltz said members of the Trump administration “continue to work around the clock to ensure Americans detained abroad are returned home to their families”.
An elite Mexican police officer from its so-called “Gringo Hunters” unit has been shot dead by a fugitive they were trying to arrest.
The dedicated team of elite officers follows and detains US criminals and suspects who are hiding in Mexico.
It had been trying to pin down a man in the northern Mexican border city of Tijuana, authorities said, when the man opened fire.
The head of the regional unit in Baja California state, 33-year-old Abigail Esparza Reyes, was hit in the shoot out.
Reyes, who had led the regional team for eight years and carried out more than 400 operations on US fugitives in Mexico, died from the injury.
Image: Pic: Reuters
Image: Pic: Reuters
According to local media reports, the target of the Gringo Hunters was Cesar Hernandez, a convicted murderer who escaped from a California courthouse in December.
Upon arriving for a court appearance, Hernandez managed to jump out of the van and run away, the California Department of Corrections and Rehabilitation confirmed at the time.
More from World
He was serving an 80-year life sentence but could have become eligible for parole.
Following the shoot out in Mexico on Wednesday, Hernandez again managed to getaway, this time in disguise as a worker, local media reported.
Image: Pic: Reuters
For decades, suspects on the run in the US have crossed the border into Mexico.
In 2002 the Latin American country set up in cooperation with US law enforcement a dedicated squad to track down fugitives who cross the border.
The highly trained team has gained prominence in recent years and will be the subject of a new crime drama TV series expected on Netflix later this year.
Baja California state governor Marina del Pilar paid tribute to the killed police officer on social media.
“Abigail’s life will be honoured, and her death will not go unpunished,” she said.