Liz Truss to become Britain’s next prime minister, replacing Boris Johnson

Next British Prime Minister Liz Truss

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LONDON – After a long contest, the country’s ruling Conservative Party on Monday chose Liz Truss as its new leader and new Prime Minister of the United Kingdom.

Truss, who until now was the UK’s foreign minister, beat rival Rishi Sunak, the country’s former finance minister, to win the leadership race. With Conservative Party members being asked to vote for their preferred candidate over the past few weeks, 81,326 members voted for Truss while 60,399 voted for Sunak.

The turnout was 82.6%, Truss garnered roughly 57% of the vote while Sunak received 42% of the vote.

Truss took to the stage to thank her supporters and ostensibly mention Boris Johnson, her “friend.” Truss said she would govern as a Conservative, and said she intended to deliver “what we promised voters in 2019” and said she would push through a “bold plan to cut taxes” and grow Britain’s economy. It said it would deal with long-term issues related to the country’s energy supply as well. Truss told delegates that she would secure a victory for the party in the next election, expected in 2024.

The defeated Rishi Sunak tweeted that it was time for the party to unite behind its new leader.

Truss does not automatically become prime minister on Monday, as ritual dictates that the outgoing prime minister (in this case Boris Johnson) first tender his resignation to Queen Elizabeth II, who then appoints Truss.

With the Queen currently staying at her Scottish residence at Balmoral Castle, the event will take place there instead of Buckingham Palace in London where the 96-year-old is facing ongoing mobility issues.

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Johnson and Truss are set to travel to Balmoral on Tuesday and relations between politicians are cordial — Truss was among the high-ranking ministers who remained loyal to Johnson in the final death throes of his leadership, which was eventually engulfed. By many political controversies and scandals, while other senior officials jumped ship.

Johnson drags his feet, but after repeated calls to resign, he was reluctant On July 7, he announced that he would step down as party leaderBut he will remain in office until his successor is chosen.

When Truss is appointed prime minister, she faces the biggest challenge of her political career: ruling a divided and divided political party and leading a country facing the biggest cost-of-living crisis in decades while maintaining support for Ukraine amid an ongoing war on Europe’s doorstep.

The cost-of-living crisis and the impending rise in the energy bill will likely be a priority for Truss and she will have to quickly get to the ground to deal with the immediate pressure on Britons’ pockets, with inflation continuing its upward trend.

Truss has promised to unveil measures to help struggling Britons within a week of taking office, but has so far ruled out energy rationing – though she may not be able to deliver on that promise.

Economist says plans to cut taxes in Truss may cause more persistent inflation

Economists say the package of measures will have to be big, very substantial, in order to propel the UK into the winter of crisis.

“Once in power, Liz Truss will likely have to take even tougher measures to prevent winter supply shortages,” Mujtaba Rahman and Henning Gloesten of Eurasia Group said in a research note last week.

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Besides its ‘financial intervention’, Truss is also likely to unveil a power package, which, while aimed primarily at domestic consumers, will cover issues such as storage, increasing production, and ensuring that Norway’s stream in the UK is safe.

“With few policy actions taken so far, it seems likely that more significant steps will be needed during the fall and winter, including ordering non-essential industries to temporarily close or reduce public energy use in order to avoid the worst-case scenario of circulating heating or Power outages ”, which they gave by 70%.

Analysts said there was only a 30% chance the UK could “get through this winter without additional drastic measures to cut consumption”.

The strategic analyst says that the decline of the pound

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