Liz Truss vows tax cuts as next British PM after winning Conservative leadership | CBC News

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Liz Truss vows tax cuts as next British PM after winning Conservative leadership | CBC News
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BREAKING: Liz Truss named Britain's Conservative leader, new PM

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.

Foreign minister under Johnson, Truss, 47, has promised to act quickly to tackle the cost of living crisis, saying that within a week she will come up with a plan to tackle rising energy bills and securing future fuel supplies.She signalled during her leadership campaign she would challenge convention by scrapping tax increases and cutting other levies in a move some economists say would fuel inflation.

Truss faces a long, costly and difficult to-do list, which opposition legislators say is the result of 12 years of poor Conservative government. Several have called for an early election — something Truss has said she will not allow.Veteran Conservative legislator David Davis described the challenges she would take on as prime minister as "probably the second most difficult brief of post-war prime ministers" after Conservative Margaret Thatcher in 1979.

Her victory among party members was also the narrowest of any Conservative leadership election held this century.

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