Boris Johnson’s successor as UK Prime Minister was revealed as Liz Truss, the next Conservative leader.
The new PM will inherit a flagging economy, with inflation at a 40-year high. They are also under pressure to cushion the blow of soaring energy costs.
Foreign Secretary Liz Truss, tipped by pollsters & have won, has promised to announce further help to shield consumers within a week of taking over.
She then plans to deliver £30bn in tax cuts through an emergency Budget later this month, arguing the UK’s tax burden is behind sluggish growth.
Ms. Truss is yet to offer details of her cost-of-living support plan beyond saying she will temporarily scrap green levies on energy bills and reverse the rise in National Insurance introduced during Mr. Johnson’s tenure.
Labour, the Liberal Democrats, and the SNP have all called on the government to freeze energy prices through multi-billion pound subsidies, while the Greens have suggested nationalizing the UK’s five biggest suppliers.
Ms. Truss did not rule out a freeze on Sunday but has previously described the idea as a “sticking plaster” and argues more needs to be done to help the UK boost its domestic sources of energy.
Meanwhile, Mr. Boris Johnson is expected to deliver a farewell speech upon leaving office on Tuesday, before the handover of power takes place.
In a break with tradition, the next Tory leader will travel to Balmoral Castle in Scotland to be appointed by the Queen, rather than at Buckingham Palace.
The Queen has been suffering from mobility issues and it is understood the change announced last week was made to prevent the need for any last-minute rearrangements.
Source-BBC
