PRIME MINISTER QUITS AFTER JUST 45 DAYS IN POWER

It is an unprecedented time in British Politics, as just a day after Prime Minister Liz Truss declared she was a fighter, it has quickly become a case of game over, as this afternoon she stood on the steps of 10 Downing Street looking forlorn, declaring that she has effectively resigned as leader of the conservative party and therefore also as PM.

This makes Truss the shortest serving Prime Minister in the British history, incredibly having served just 45 days in office.

A new leadership election is to take place in the coming week, comprising solely of votes from party MP's who will seek to find a replacement capable of bringing the fractured party together.

Current chancellor Jeremy Hunt has already ruled himself out of the running for what has become to be seen as a poison chalice of a position.

Labour leader, Sir Kier Starmer has called for a general election to take place "Now", having already put his party on an election footing earlier in the week. The party is reportedly preparing for the very real possibility of a general election in the coming months.

Sir Kier, said:

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Britain can’t afford the Tories’ chaos. My Labour government will provide the stability and leadership needed. For our economy. For growth. For working people. General Election, now.

With Salford City Mayor, Paul Dennett tweeting:

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This government has been an utter disgrace & shambles, wreaking chaos within the UK’s economy & society within just 45 days! Suggesting we can have a new Prime Minister in a week, determined by Tory MPs is an affront to democracy & the British public. General Election Now!!!!

Meanwhile, Greater Manchester Mayor, Andy Burnham simply posted the #GeneralElectionNow hashtag to his twitter account.

Should an election be called, pollsters predict the conservative party to be effectively wiped off the political map.

The markets remained relatively stable at the breaking of the news. The pound rose slightly before settling back down.