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On Tuesday, Liz Truss will succeed Boris Johnson as prime minister of the United Kingdom. Before choosing a new team of ministers to address the economic crisis and bring her bitterly divided party together, Truss will visit the Queen in Scotland. In a vote among Conservative Party members on Monday, Truss prevailed over competitor Rishi Sunak, and he now faces one of the most challenging in-trays of any new leader, with Britain on track to experience a protracted recession as a result of rising inflation. The 47-year-old is under pressure to come up with a quick solution to shield millions of homes and companies from the skyrocketing cost of energy, and her proposal to borrow billions of pounds to lessen the blow and slash taxes has seriously shaken the financial markets.
Truss stated, “I appreciate you putting your faith in me to lead and deliver for our wonderful country. “I will take decisive action to get us through these difficult times, strengthen our economy, and realize the full potential of the United Kingdom.” After months of scandals that saw support for his administration erode and ministers quit en masse in an effort to force him out, Johnson was forced to announce his resignation in July.
After giving a speech in front of Downing Street, Johnson will depart for Scotland and visit Queen Elizabeth at her Balmoral Castle residence to present his formal resignation.
The monarch will invite Truss to form a government and he will follow him. Following her address to the nation, Truss will begin appointing members to her top cabinet of ministers.
Truss, who has long been considered the favorite to succeed Johnson as prime minister of the Conservative Party, will take office on May 19.
Over those years, Britain has lurched from crisis to crisis, and now there is a chance of a protracted recession, additional increases in inflation, which reached double digits in July, as well as a declining pound.
Coming up with a plan to help people and businesses overcome the energy crisis is Truss’ top priority.
Although a person familiar with the matter told Reuters that Truss is considering freezing bills for winter in a proposal that could cost more than the COVID-19 furlough scheme, household bills are expected to increase by 80% in October.
Despite the fact that Britain is experienced in selecting and ousting prime leaders, the day’s choreography will feel foreign because Queen Elizabeth will meet Johnson and Truss in Balmoral rather than Buckingham Palace.
