Truss will take over leadership of Britain's Conservative Party and as the new UK Prime Minister in the middle of, much like the rest of the world currently, an economic crisis for the country.
has been elected as the Conservative Party’s new leader, the party announced Monday, and she will take office Tuesday as Britain’s new prime minister to steer the country through an acute cost-of-living crisis.
Meanwhile tens of thousands of workers have gone on strike to demand better pay to keep up with relentlessly rising costs. for the first time since the 1980s, and the Bank of England has forecast that will reach a 42-year high of 13.3% in October. That’s largely driven by soaring energy bills, which will jump 80% for the average household starting next month.
Truss has won the support of many Conservatives with her zeal in rolling back state intervention and slashing taxes. Both she and her rival Sunak have spoken of their admiration for Margaret Thatcher, who was prime minister from 1979 to 1990, and her free-market, small-government economics.
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