Liz Truss has resigned as the Prime Minister of the UK, after 45 days in office, and political confusion prevailed.
Her resignation prompted the second election of the party’s leadership to be held in four months.
It has already started the competition among the various leaders of the party to fill the vacant position.
Truss said a replacement would be chosen next week.
Boris Johnson is one of the dignitaries said to be considering taking part in the race, but Finance Minister Jeremy Hunt has said he has no desire to run.
According to party rules, any leadership hopeful will need to secure the support of 100 MPs to run—this means a maximum of three candidates.
The first vote will be held for the MPs, and the person with the fewest votes will be eliminated if there are three candidates.
If a second vote is required, MPs will be able to nominate who they want to lead the party.
If both candidates prefer to remain in the race, the final decision will go to the party members through an online vote.
Truss will be the shortest-serving prime minister in British history when she steps down.
What are the reasons behind her resignation?
The third week has led to a political crisis in the economy with the support of the Minister of Finance, Kwasi Kwarteng, who presented a tax cut of 45 billion.
She has been accused of serious financial irregularities, but she insists that her actions were correct.
The move was later reversed and the finance minister was fired.
Truss replaced former British Prime Minister Boris Johnson on September 6.
The previous 119-day tenure was held by George Canning, who died in office in 1827.