Liz Truss has stood down and a leadership election will be triggered – with a new PM to be in power next week.

She is set to become the shortest serving Prime Minister in history after she battled an open revolt from Conservatives demanding her departure.

Speaking from a lectern in Downing Street, Ms Truss said she had told the King she was resigning as the leader of the Conservative Party as she recognised she “cannot deliver the mandate” which Tory members gave her little over six weeks ago.

Larry the cat, in Downing Street after Liz Truss made a statement, where she announced her resignation as Prime Minister. Liz Truss’s Government has resigned as Prime Minister after 45 days in office.

Liz Truss resigns as Prime Minister after losing support of party and public

She held talks with the chairman of the 1922 Committee of backbench Conservatives Sir Graham Brady and agreed to a fresh leadership election “to be completed within the next week”.

Nicola Sturgeon condemns chaotic House of Commons scenes as 'utter shambles' as Ian Blackford says Liz Truss should quit

We’ll bring you live updates following a day of crisis for the government in Westminster in our live blog throughout the day.

Politics LIVE: Liz Truss resigns as Prime Minister triggering leadership contest

Thu, 20 Oct, 2022, 16:14 BST

Thu, 20 Oct, 2022, 16:13 BSTUpdated 16:17 BST

It’s be a huge day in the world of UK politics, with Liz Truss resigning. Liz Truss’s favourability as prime minister plummeted to -70%, according to a YouGov poll.

Here’s how the day unfolded.

Thu, 20 Oct, 2022, 16:17 BST

Well that’s about all we have time for today - thanks for all your company - keep across The Scotsman for more updates throughout the course of the evening.