‘I don’t think they're that consequential’: Biden reacts to Truss’s resignation – video

Asked if he was concerned about possible negative economic spillover from Liz Truss's resignation, Joe Biden said: I don't think they're that consequential.' Speaking to reporters, the US president said the British prime minister had been a good partner on Russia and Ukraine, and the British are going to solve their problems'.

In a statement from the White House, Biden said the US and the UK remained allies and enduring friends - and that fact will never change'. He thanked Truss for her partnership against Russia

• Liz Truss resigns as PM and triggers fresh leadership election
• Truss resigns - live news updates