Liz Truss has announced her resignation from her role as Prime Minister after only 6 weeks in the job.
Her announcement comes after she received heavy criticism over her economic policies and subsequent u-turns.
Opposition Labour Party leader Sir Keir Starmer has demanded a general election.
But despite his demand, a Conservative leadership election will now take place next week.
Sir Graham Brady, Chair of the 1922 Committee outlined the details.
IN: "I have spoken…"
OUT: "...on the 31st."
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