Liz Truss to replace Boris Johnson as Britain’s next prime minister

Britain’s next prime minister, Liz Truss

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LONDON: The country’s ruling Conservative Party on Monday elected Liz Truss as its new leader and Britain’s new prime minister after a tough contest.

Truss, by far Britain’s foreign minister, went on to win the leadership race, defeating rival Rishi Sunak, the country’s former finance minister. Conservative Party members asked to vote for their preferred candidate over the past few weeks, with 81,326 members voting for Truss, while 60,399 members voting for Sunak.

The turnout was 82.6% and, roughly speaking, Truss garnered around 57% of the vote, while Sunak secured 42% of the vote.

Truss took to the stage to thank his supporters and mention his “friend” Boris Johnson. Stating that she would rule as a Conservative, Truss said she intended to deliver on “the promises we made to voters in 2019” and added that she would pursue a “bold plan to cut taxes”. will advance and develop the British economy. She said it would also deal with long-term issues regarding the country’s energy supply. Truss told delegates that she would lead the party to victory in the next election to be held in 2024.

Outgoing Prime Minister Boris Johnson congratulated his aide Liz Truss on her “decisive” victory and said she had “great tasks of tackling the cost of living crisis, uniting our party and uniting and leveling our country.” It was the right plan to continue the This sentiment was echoed by the defeated candidate leadership Rishi Sunak.

Leader of the opposition Labor Party, Keir Starmer, tweeted his congratulations to the Truss, but said that “12 years after the Tories we have to show only low wages, high prices and a Tory cost of living crisis. Only labor can meet our nation’s needs.” can give a fresh start.”

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

As the Queen is currently staying at her Scottish residence, Balmoral Castle, the event will take place there instead of Buckingham Palace in London as the 96-year-old monarch experiences continuing mobility issues.

Johnson and Truss are set to visit Balmoral on Tuesday and relations between the two politicians are cordial – Truss was among high-level ministers who remained loyal to Johnson at the time of the eventual death of his leadership, which was embroiled in the end . from several political controversies and scandals, while other top officials jumped ship.

Johnson dragged his feet but after repeated calls for resignation he reluctantly announced on 7 July that he would step down as party leader.But he will remain in office till his successor is elected.

When Truss is appointed prime minister, she faces the biggest challenge of her political career: leading a country facing its biggest crisis in decades while maintaining support for Ukraine in the midst of a relentless war. and lead a divided political party. Europe’s Gateway.

The survival crisis and impending energy bill spike are likely to be the truss’s priority and will have to get off the ground to deal with the immediate pressure on UK pockets, with inflation continuing its upward trend.

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

Truss tax cut plans will lead to more persistent inflation, say economist

Economists say the package of measures will need to be bigger, much bigger to get Britain out of the winter of the crisis.

“Once in power, Liz Truss will be forced to take more drastic action to prevent winter supply shortages,” Mujtaba Rahman and Henning Glostein of the Eurasia Group said in a research note last week.

Along with “its” fiscal intervention, the truce is also likely to unveil an energy package aimed primarily at domestic consumers, which will include questions such as increasing storage, production and ensuring the UK’s Norway Stream is safe. .

“With little policy action 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, in a worst-case scenario. Cuts are being made on the use of public energy to avoid rolling heating or power outages,” which gave a 70% probability.

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

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