Liz Truss won the race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession.
He will travel to Scotland to meet Queen Elizabeth on Tuesday to officially tender his resignation. Truss will follow him and be asked to form a government by the monarch.in the race to replace Johnson, Truss will become the Conservatives’ fourth prime minister since a 2015 election. Over that period the country has been buffeted from crisis to crisis, and now faces what is forecast to be a long recession triggered by sky-rocketing inflation which hit 10.1% in July.
Kwasi Kwarteng, widely tipped to be her finance minister, sought to calm markets on Monday, by saying in an article in the Financial Times newspaper that under Truss there would need to be “some fiscal loosening” but that her administration would act in “a fiscally responsible way.”British Foreign Secretary Liz Truss arrives for a cabinet meeting at 10 Downing Street.
Truss has said she will appoint a strong cabinet, dispensing with what one source close to her called a “presidential-style” of governing, and she will have to work hard to win over some lawmakers in her party who had backed Sunak in the race. First, she will turn to the urgent issue of surging energy prices. Average annual household utility bills are set to jump by 80% in October to 3,549 pounds, before an expected rise to 6,000 pounds in 2023, decimating personal finances.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership.trussliz beat crypto-friendly RishiSunak to become the head of the U.K.’s Conservative Party and thus the country's new prime minister. by camomileshumba.
Read more »
What I'll be asking Liz Truss and Rishi Sunak on SundayDo the guests on my first Sunday with Laura Kuenssberg show have the answers to the UK's problems?
Read more »
Who is Liz Truss, a shapeshifter set to be U.K.’s next prime minister?Her political journey began on the left — down with the monarchy! she cried — only to arrive on the right, as a tax-cutter and hard-line Brexiteer.
Read more »
UK: Liz Truss wins contest to become the next UK Prime MinisterLiz Truss won the Conservative Party leadership race to become the next British Prime Minister. Developing story...
Read more »
U.K. prepares for the announcement of its next Prime Minister - KCBS Radio: On-DemandOn Monday, the U.K.'s Conservative party will select its next leader and Prime Minister, and all opinion polls show it will most likely be conservative and hard-right Brexit proponent Liz Truss who will clinch the victory. Truss has held 6 ministerial posts under 3 prime ministers, including 11 months as foreign minister. For more, KCBS Radio news anchor Eric Thomas spoke with Edna Brady, media consultant and former reporter for Sky News in the U.K.
Read more »
Next U.K. prime minister to be announced. Liz Truss leads in polls.Opinion surveys suggest Liz Truss is far and away the favorite among the Tory activists who are selecting the leader of their party and the next British prime minister in vote results to be announced Monday.
Read more »