Liz Truss won a leadership race on Monday, 5 September, at a time when Great Britain faces a cost of living crisis, industrial unrest, and a recession, as reported by the news agency Reuters.
After weeks of often bad–tempered and divisive leadership contest, in the competition between Liz Truss and former finance minister Rishi Sunak, Truss came out on top in a vote of Conservative Party members.
The announcement is the start of a handover from Boris Johnson, who was forced to announce his resignation in July 2022, when support for his administration drained away because of the scandals.
JOHNSON will travel to Scotland to meet Queen Elizabeth on Tuesday, 6 September, to officially tender his resignation.
Truss will follow him and be asked to form a government by the monarch.
Long the front–runner in the race to replace Johnson, Truss will become the Conservatives’ fourth prime minister since a 2015 election. Over that period the country has suffered several crises and now faces what is forecast to be a long recession triggered by skyrocketing inflation which hit 10.1% in July.
Truss has 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.