Timeline: Liz Truss resigns as UK PM after 45 days

September 5: Truss is elected Conservative Party leader by the party's membership, winning 57% of the vote to succeed Boris Johnson. (AP photo)

September 6: Boris Johnson formally tenders his resignation to Queen Elizabeth and Truss is appointed prime minister. (Rueters photo)

September 8: Truss announces the government will cap soaring consumer energy bills for two years to cushion the economic shock of war in Ukraine, a plan expected to cost the country tens of billions of pounds. (AP photo)

Truss travels to the United Nations General Assembly in New York, her first foreign trip as prime minister, and has her first in person meeting with US President Joe Biden.

September 23: Truss's finance minister Kwasi Kwarteng sets out a "mini-budget" which includes 45 billion pounds ($50 billion) of unfunded tax cuts and huge increases in government borrowing, sending sterling and British government bonds into freefall.

September 26: The central bank says it will not hesitate to change interest rates and is monitoring markets "very closely", after the pound plunged to a record low and British bond prices collapsed in response to the new government's financial plans. (AP photo)

Septembet 28: The Bank of England seeks to quell the firestorm in Britain's bond markets, saying it will buy as much government debt as needed to restore order.

September 29: Truss breaks her silence after nearly a week of market chaos to say she is prepared to make controversial and difficult decisions to get the economy growing. (Reuters photo)

October 3: Truss and Kwarteng are forced to reverse a planned cut to the highest rate of income tax after turmoil in markets and opposition from many of their own Conservative lawmakers.

October 10: Under pressure to rebuild shattered investor confidence, Kwarteng brings forward the publication date for fiscal plans and economic forecasts to October 31, from November 23. (AP photo)

October 12: The government says it will not reverse its vast tax cuts or reduce public spending despite ongoing market turmoil. (AFP photo)

October 14: Truss fires Kwarteng and acknowledges her government's plans had gone "further and faster" than investors were expecting. She appoints Jeremy Hunt as his replacement. She also announces corporation tax will rise to 25%, reversing an earlier plan to freeze it at 19%, and says public spending will have to grow less rapidly than previously planned. (AFP photo)

October 17: Hunt reverses nearly all of the mini-budget and reins in the vast energy subsidy plan, saying the country needs to rebuild investor confidence. He says changes to planned tax cuts will raise 32 billion pounds and government spending cuts will also be needed. (AP photo)

October 19: Interior minister Suella Braverman resigns after breaking rules by sending an official document from her personal email. She also says she has serious concerns about the government and that just hoping problems would go away is not a viable approach. (AP photo)

October 20: Liz Truss, followed by her husband Hugh O'Leary, right, walks back into 10 Downing Street after making a statement where she announced her resignation as Prime Minister. (AP photo)