Before taking over as Prime Minister, Liz Truss promised to solve the energy crisis.
Liz Truss has promised to tackle rising energy costs and cut taxes after winning the Conservative leadership primary to become the next prime minister.
He will succeed Boris Johnson after being officially appointed by the Queen at Balmoral Palace on Tuesday. Britain's third female prime minister, the 47-year-old is set to announce a cabinet awaiting jobs from allies Kwasi Quarteng and James Cleverley.
He defeated rival Rishi Sunak with 57% of the vote. In his victory speech, he promised a "drastic" program of tax cuts to boost the faltering economy and prevent Britain falling into recession.
He took office on Tuesday, ending Boris Johnson's tumultuous tenure as prime minister less than three years after the Conservatives' landslide victory in 2019. As Prime Minister, Truss's most pressing decision is how to protect homes and businesses from rising international energy prices.
His team has been working on the support package all week, which will be announced on Thursday. Industry sources told the BBC they expected the new government to back the bill, which could cost billions of dollars.
However, while the move does not necessarily require upfront funding, there are reports that the government may fund loans to businesses that consumers will pay back over time in the form of higher fixed prices. The BBC has heard that Thursday's announcement may not include details of its plans, but it is also expected that small businesses will get some relief.
Speaking at the Queen Elizabeth II Conference Center in London, he told party activists he would consider the bill and increase Britain's domestic energy resources to "solve the energy crisis". Things will be different. very different. Gotta - Boris Johnson was the definition of primary colour, prime ministerial performance.
But Liz Truss inherits the challenges she faces. Millions of people are acting like they are facing unpaid bills. Post-war and post-epidemic governance in Europe. And to lead a party that has been in power for 12 years.
His top teams include Prime Minister Kwasi Quarteng, former Home Secretary leadership rival Suella Braverman and Secretary of State James Cleverley. Following Truss's victory, current Home Secretary Pretty Patel said she would resign, but vowed to support the new leader.
Johnson congratulated Truss on her victory and said the plan to "bring the party together" was right. In his victory speech, Truss paid tribute to his "friend" Johnson, saying his record "can be admired from Kyiv to Carlisle".
"Boris, you did Brexit, you beat Jeremy Corbyn, you got the vaccine, you ran up against Vladimir Putin," he said. In a break with tradition, former and future prime ministers are expected to go to Scotland's Balmoral Castle, rather than Buckingham Palace, to hand over power.
Regina struggles with mobility issues and was changed so she wouldn't have to make last minute changes. Mrs Truss promised £30bn of tax cuts in the emergency budget later this month after blaming the tax burden on Britain's sluggish growth.
The cuts he has proposed include scrapping National Insurance increases, temporarily scrapping green taxes on utility bills and scrapping planned corporate tax rises, as ordered by Prime Minister Johnson. In addition to his domestic agenda, his contributions include continued support for Ukraine after the Russian invasion and the restoration of the EU's tough ties with Northern Ireland.
Former prime minister Rishi Sunak, who attacked his economic plan during the election, said he would give the BBC his "full support". He said he would stand again as a member of the House of Representatives at the next general election but is not expected to sit in Truss' cabinet.
Labor called on Ms Truss to extend the one-time tax on oil and gas companies, freezing domestic prices for six months. The party followed the LDP in supporting the freeze with the SNP earlier this summer.
But Truss ruled out further windfalls during the campaign, saying it would "send the wrong message to international investors". Earlier, Labor leader Sir Kier Starmer had told Truss about the redundancies and said the parties had agreed on the idea.
She criticized his approach to the economy, arguing that his campaign talked more about business tax cuts than the cost of living. "It shows that he's not just out of touch, he's not on the side of the people he works with," he added.
Lib Dem leader Sir Ed Davie told BBC News that Truss appeared to have no plan to tackle inflation and that the Tories were responsible for "miserable" economic growth.
Humphrey Arinze Chukwu 2 yrs
Good for the British people