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Conservative Party
The ex-prime minister could not leaf fast enough.
Truss had won 69% of the vote in her constituency in the 2019 general election.
The Conservative Party is set for a wipeout after 14 years in power, according to opinion polls.
Members of Britains opposition Labour Party are gathering for their annual conference with an unfamiliar feeling: optimism.
WHAT'S HAPPENING
While the opposition demands an election, the governing Conservatives just chose another leader from their party the third prime minister since September.
Many Conservatives say Truss must resign but she has remained defiant, saying she is a fighter and not a quitter.
Treasury chief Kwasi Kwarteng announced a U-turn over an unfunded tax cut unveiled just days ago that proved unpopular even with his Conservative Party.
Truss defeated former Chancellor Rishi Sunak in the race for Conservative Party leader and prime minister.
The U.K. has seen the highest inflation rate among the Group of Seven nations.
On Sept. 5, either Rishi Sunak or Liz Truss will be announced as the U.K.'s new prime minister.