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Preparations to oust British Prime Minister 'Your time is up'

 Members of the British Parliament are preparing to oust newly elected Prime Minister Liz Truss and decide what steps could be taken as soon as this week, with parliament warning that in such a case things would lead to a new election.

The British news agency Reuters, referring to the Daily Mail, said that more than 100 members of the Conservative Party are ready to submit letters of no confidence against Liz Truss to the head of the party committee, Graham Brady.

Political crisis in the UK is not new, but since the vote to leave the European Union in 2016, three prime ministers have been sacked.

MPs will urge party committee head Brady to bluntly tell Liz Truss 'your time is up'.

Members will also ask that if it is difficult to remove them immediately, then change the party rules to allow for an immediate no-confidence vote.

Citing confidential sources, the report also states that Graham Brady has resisted the move by MPs and has told MPs in response that Liz Truss and newly elected Chancellor Jeremy Hunt have the right to vote. It is up to them to formulate their economic strategy for the coming budget on October 31.

Similarly, The Times reports that some MPs have also secretly consulted on who will replace Liz Truss after she is removed.

Liz Truss, who won the Conservative Party leadership last month by promising to cut taxes, now faces a political survival problem of her own.

The situation is fueling public discontent in the Conservative Party, which is already lagging behind the opposition Labor Party in opinion polls.