The prime minister has resigned after 44 days in the role.

In a statement outside 10 Downing Street today (October 20), Liz Truss said: “I came into office at a time of great economic and political instability…I cannot deliver the mandate.”

Truss was told to quit by senior Tory members, according to the FT, the day after the home secretary, Suella Braverman, quit the government and used her resignation letter to issue a thinly-veiled swipe at the PM.

There will be a leadership election to be completed in the next week, ahead of a fiscal statement on October 31.

Read more @FT Adviser

Liz Truss has said she is committed to increasing pensions in line with prices, after some Tory MPs raised concerns the pledge could be ditched.

On Tuesday, the PM’s spokesman said she was “not making any commitments”, when asked about the triple lock pledge.

The triple lock means state pension payments rise by whatever is higher – inflation, average earnings or 2.5%.

It came after one Tory MP said pensioners should not be “paying the price for the cost-of-living crisis”.

Inflation – the rate at which prices rise – is currently running at a 40-year high of 10.1%, meaning wages, pensions and benefits are not keeping up with the cost of living.

During Prime Minister’s Questions, Ms Truss told the Commons: “We have been clear in our manifesto that we will maintain the triple lock and I am completely committed to it. So is the chancellor.”

Read more @BBC