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Rishi Sunak has met King Charles and offered his resignation as Prime Minister.
His Majesty accepted the resignation.
The two held a short audience at Buckingham Palace just before 11am on July 5th, hours after Mr Sunak conceded the general election.
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The polls, held on July 4th, resulted in a huge win for the Labour Party which will return to the House of Commons with a sizeable majority.
The result was worst ever for the Conservatives, led by Mr Sunak.
Following his audience with The King, Buckingham Palace released a short statement saying ”The Right Honourable Rishi Sunak MP had an Audience of The King this morning and tendered his resignation as Prime Minister and First Lord of the Treasury, which His Majesty was graciously pleased to accept.”
Rishi Sunak was the second Prime Minister of the reign of King Charles III.
Sir Keir Starmer will take power as his third Prime Minister within minutes of the resignation following a formal audience with The King when the tradition of kissing hands will take place.