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Liz Truss has resigned as prime minister just 44 days after taking over from Boris Johnson.

She will be the shortest-serving PM in British history.

A new Conservative leader, who will get the keys to Number 10, is set to be elected next Friday.

In a statement read outside Downing Street, Ms Truss admitted she could not deliver her mandate.

She said: “I came into office at a time of great economic and international instability.

“Families and businesses were worried about how to pay their bills.”

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Truss has resigned – but what happens now?

Sunak favourite to be new PM as Truss resigns – live politics updates

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.

“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.

British Prime Minister Liz Truss announces her resignation, as her husband Hugh O'Leary stands nearby, outside Number 10 Downing Street, London, Britain October 20, 2022. REUTERS/Henry Nicholls
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Liz Truss’s husband Hugh O’Leary stood nearby as she resigned as PM

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Who could replace Liz Truss?
What happens now Truss has resigned and how will the new PM be chosen?

The divided Tories won’t find it easy choosing a new 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.”

Graham Brady  makes a statement
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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.”

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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.

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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.

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Russia ‘making concessions’ and Ukraine ‘happy’ with peace deal talks, says Trump

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Russia 'making concessions' and Ukraine 'happy' with peace deal talks, says Trump

Donald Trump has claimed Russia is “making concessions” in talks to end the Ukraine war – and that Kyiv is “happy” with how talks are progressing.

Speaking to reporters on Air Force One as he flew out to his Florida estate for Thanksgiving, Mr Trump said “we’re making progress” on a deal and said he would be willing to meet with both Vladimir Putin and Volodymyr Zelenskyy once they are close to an agreement.

He also said his previously announced deadline of Thursday, which is Thanksgiving, was no longer in place – and that the White House’s initial 28-point peace plan, which sparked such concern in Kyiv, “was just a map”.

U.S. President Donald Trump looks on aboard Air Force One during travel to Palm Beach, Florida, from Joint Base Andrews, Maryland, U.S., Nov
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U.S. President Donald Trump looks on aboard Air Force One during travel to Palm Beach, Florida, from Joint Base Andrews, Maryland, U.S., Nov

Asked if Ukraine had been asked to hand over too much territory, Mr Trump suggested that “over the next couple of months [that] might be gotten by Russia anyway”.

Moscow’s concessions are a promise to stop fighting, “and they don’t take any more land”, he said.

“The deadline for me is when it’s over,” he added. “And I think everybody’s tired of fighting at this moment.”

Read more: A plan with Russian fingerprints all over it

Before boarding the plane, Mr Trump claimed only a few “points of disagreement” remain between the two sides.

Mr Trump’s negotiator Steve Witkoff will be meeting with Mr Putin in Moscow next week, the president said, while American army secretary Daniel Driscoll is due to travel to Kyiv for talks this week.

The chief of Ukraine’s presidential staff, Andriy Yermak, wrote: “Ukraine has never been and will never be an obstacle to peace. We are grateful to the US for all its support.

“The meeting between the presidents will be thoroughly and promptly prepared on our part.”

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‘Ukraine still needs defence support,’ says Zelenskyy

Zelenskyy warns against ‘behind our back’ deal

Yesterday, a virtual “coalition of the willing” meeting that featured Ukraine’s allies took place, which was attended by US secretary of state Marco Rubio.

In a speech, Mr Zelenskyy told attendees: “We firmly believe security decisions about Ukraine must include Ukraine, security decisions about Europe must include Europe.

“Because when something is decided behind the back of a country or its people, there is always a high risk it simply won’t work.”

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What is Russia saying about the latest peace talks?

A joint statement from coalition leaders Sir Keir Starmer, Emmanuel Macron, and Friedrich Merz said they had agreed with Mr Rubio “to accelerate joint work” with the US on the planning of security guarantees for Ukraine.

But a Ukrainian diplomat has warned major sticking points remain in the peace deal being thrashed out – primarily the prospect of territorial concessions.

A warning from the Kremlin

Meanwhile, Moscow has stressed that it will not allow any agreement to stray too far from its own objectives.

Russia’s foreign minister Sergei Lavrov warned any amended peace plan must reflect the understanding reached between Mr Trump and Mr Putin over the summer.

“If the spirit and letter of Anchorage is erased in terms of the key understandings we have established then, of course, it will be a fundamentally different situation,” he said, referring to the two leaders’ meeting in Alaska.

Read more:
Zelenskyy races to beat Trump’s peace plan deadline

In full: Europe’s 28-point counterproposal

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Standing ovation for Zelenskyy

As negotiations continue, so have Russian attacks, with Kyiv hit by a barrage of missiles and hundreds of drones early yesterday morning.

Seven people were killed with power and heating systems disrupted, as residents sheltered underground.

Meanwhile, three people died and homes were damaged after Ukraine launched an attack on southern Russia.

‘A critical juncture’

French President Emmanuel Macron has said peace efforts are gathering momentum, but “are clearly at a critical juncture”.

And during the annual White House turkey pardon ahead of Thanksgiving, Mr Trump told reporters: “I think we’re getting close to a deal. We’ll find out.

“I thought that would have been an easier one, but I think we’re making progress.”

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Trump’s peace plan had Russian fingerprints all over it – and now we know why

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Trump's peace plan had Russian fingerprints all over it - and now we know why

In this story, there’s no substitute for hard news.

To learn of US envoy Steve Witkoff and his Russian interactions is to understand the handbrake turn towards Moscow.

If there was much surprise and confusion about the origins of a peace proposal that had Russian fingerprints all over it, there is less now.

The Bloomberg report of Witkoff’s recent involvement distills eye-watering detail of his contact with Yuri Ushakov, Vladimir Putin’s senior adviser on foreign policy.

Among the revelations, it tells of the American advising the Russian on dealing with Trump.

In a phone call last month, Witkoff told Ushakov that Zelenskyy was coming to visit the White House, and suggested Putin speak to Trump beforehand.

Witkoff reportedly said: “The president will give me a lot of space and discretion to get to the deal.”

He spoke of Trump’s 20-point Gaza peace plan and suggested that “maybe we do the same thing with you”.

Read more:
Who actually wrote Trump’s peace plan?

Steve Witkoff: Real estate mogul turned envoy

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What is Russia saying about the latest peace talks?

A good impression of a useful idiot

Subsequently, Witkoff drafted the controversial peace proposal with his Russian counterparts, and the US pressured Ukraine to accept it.

The report paints an unflattering picture of Trump’s envoy doing a good impression of a useful idiot.

There must be serious questions surrounding his engagement with the Russians and serious concerns around consequences that are potentially catastrophic.

Moscow’s threat to Ukraine and to the security infrastructure of Western Europe is strengthened on his handshake.

He’ll press the flesh in Russia once more – Donald Trump is sending Witkoff back to Moscow for further talks aimed at bridging the Ukraine-Russia impasse.

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Trump: I think we are getting very close to Ukraine deal

Scandal isn’t what it used to be

Putin has given the Americans little to no encouragement around their reworked plan and Kyiv will shudder at what Trump’s “Mr Fixit” might fix next.

They will despair of his continued involvement at any level and what it says about Trump’s perspective and where his loyalties lie.

In any other job, Witkoff might have been sacked for being irredeemably compromised.

At any other time, this would have been viewed, universally, as a major scandal.

But under Donald Trump, scandal isn’t what it used to be.

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‘Ukraine still needs defence support,’ says Zelenskyy

The president and his point man continue to consort with Vladimir Putin.

On the evidence of Steve Witkoff’s interaction, the power dynamic leans less Trump than we might have thought.

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Venezuela: Maduro brandishes sword and vows to defy any US attempt to overthrow his government

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Venezuela: Maduro brandishes sword and vows to defy any US attempt to overthrow his government

Venezuelan President Nicolas Maduro has vowed to defy any US attempt to overthrow his government – telling crowds that “failure is not an option”.

The 63-year-old brandished a sword as he addressed supporters during a march in Caracas, against a backdrop of growing tensions with Donald Trump’s administration.

Dressed in camouflage fatigues, Mr Maduro said: “We must be ready to defend every inch of this blessed land from imperialist threat or aggression, no matter where it comes from.”

Maduro was swamped by supporters. Pic: Reuters
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Maduro was swamped by supporters. Pic: Reuters

Since September, US military forces have been conducting a series of strikes against vessels suspected of drug trafficking in international waters, killing at least 80 people.

Washington has claimed that several of these boats had departed from Venezuela, with Mr Maduro describing the deployment as an assault on the nation’s sovereignty.

‘Stop this madness’

Yesterday, Cuba also accused the US of seeking a violent overthrow of Mr Maduro’s government – and called its military presence in the region “exaggerated and aggressive”.

The country’s foreign minister, Bruno Rodriguez, said ousting Venezuela’s leader would be extremely dangerous and irresponsible, not to mention a violation of international law.

He added: “We appeal to the people of the United States to stop this madness. The US government could cause an incalculable number of deaths and create a scenario of violence and instability in the hemisphere that would be unimaginable.”

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Is US about to go to war with Venezuela?

Reports suggest the US is planning to launch a new phase of Venezuela-related operations in the coming days.

Critics have questioned the legality of America’s campaign and argue it amounts to extrajudicial killings, with a recent poll suggesting just 29% of voters support this policy.

Officials within Maduro’s government have claimed that Washington’s actions are being driven by economic motives.

Venezuelan minister Delcy Rodriguez said: “They want Venezuela’s oil and gas reserves. For nothing, without paying. They want Venezuela’s gold.

“They want Venezuela’s diamonds, iron, bauxite. They want Venezuela’s natural resources.”

Venezuela's president has remained defiant. Pic: AP
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Venezuela’s president has remained defiant. Pic: AP

Donald Trump, like his predecessor Joe Biden, does not recognise Mr Maduro as the country’s leader.

He is currently on his third term after being declared the winner of last year’s presidential election, despite evidence that the opposition defeated him by a two-to-one margin.

Mr Maduro and senior officials have been repeatedly accused of human rights violations against real and perceived government opponents.

Earlier this week, the US designated Venezuela’s Cartel de los Soles – Cartel of the Suns in English – as a foreign terrorist organisation for importing illegal drugs to the States.

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Venezuelan president dances to speech remix

The Trump administration has claimed that Maduro is part of this group, but Venezuelan officials have described its mere existence as a “ridiculous fabrication”.

Speaking to reporters on Air Force One as he travelled to Florida for Thanksgiving, the president suggested he might be planning to talk to Mr Maduro.

“If we can save lives, if we can do things the easy way, that’s fine,” the US president said. “And if we have to do it the hard way, then that’s fine too.”

Read more world news:
Russia ‘making concessions’, Trump says
Four more arrests over Louvre heist
Brazil’s Bolsonaro begins 27-year jail term

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US strikes alleged drug boat

Carlos Diaz Rosillo, a former US deputy assistant secretary of defence during the first Trump administration, does not believe America will go to war with Venezuela.

He told The World With Dominic Waghorn: “What I do see is a strategy of maximum pressure on the regime. I do think if there’s any change, that change has to come from within the military.”

Dr Rosillo said the official position of the US government is not regime change, but Mr Trump would like to see that happen in Venezuela.

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