<\/p>\n
After a drawn-out contest, the country\u2019s ruling Conservative Party on Monday picked Liz Truss to be its new leader and the U.K.\u2019s new prime minister.<\/p>\n
Truss, until now the U.K.\u2019s foreign minister, beat rival Rishi Sunak, the country\u2019s former finance minister, to win the leadership race. With members of the Conservative Party asked to vote for their favorite candidate over the last few weeks, 81,326 members voted for Truss while 60,399 members voted for Sunak.<\/p>\n
Turnout was 82.6% and, roughly, Truss has taken around 57% of the vote while Sunak achieved 42% of the vote.<\/p>\n
Truss took to the stage to thank her supporters and ostensibly mentioned Boris Johnson, her \u201cfriend.\u201d Saying she will govern as a Conservative, Truss said she intended to deliver \u201cwhat we promised voters in 2019\u201d and said she would push a \u201cbold plan to cut taxes\u201d and grow the British economy. She said she will deal with long-term issues regarding the country\u2019s energy supply too. Truss told delegates that she would deliver a victory for the party at the next election that\u2019s expected in 2024.<\/p>\n
Outgoing Prime Minister Boris Johnson congratulated his ally Liz Truss on what he called her \u201cdecisive\u201d win and said she had the \u201cright plan to tackle the cost of living crisis, unite our party and continue the great work of uniting and levelling up our country. Now is the time for all Conservatives to get behind her 100 per cent.\u201d That sentiment was echoed by defeated candidate leadership Rishi Sunak.<\/p>\n
The leader of the opposition Labour Party, Keir Starmer, tweeted his congratulations to Truss but said that \u201cafter 12 years of the Tories all we have to show for it is low wages, high prices, and a Tory cost of living crisis. Only Labour can deliver the fresh start our country needs.\u201d<\/p>\n
Truss does not automatically become prime minister on Monday as ritual dictates that the outgoing prime minister (in this case Boris Johnson) first has to tender his resignation to Queen Elizabeth II, who then appoints Truss.<\/p>\n
As the queen is currently staying in her Scottish residence Balmoral Castle, that event will take place there rather than in Buckingham Palace in London as the 96-year-old monarch experiences continuing mobility issues.<\/p>\n
Johnson and Truss are set to travel up to Balmoral on Tuesday and relations between the two politicians are cordial \u2014 Truss was among the high-level ministers that remained loyal to Johnson in the final death throes of his leadership, which by the end had been engulfed by several political controversies and scandals, while other top officials jumped ship.<\/p>\n
Johnson dragged his feet but after repeated calls to resign he reluctantly announced on July 7 that he would step down as party leader, but would remain in office while his successor was chosen.<\/p>\n
When Truss is appointed prime minister she is taking on the biggest challenge of her political career: Governing a fractious and divided political party and leading a country facing the biggest cost-of-living crisis in decades while maintaining support for Ukraine amid a continuing war on Europe\u2019s doorstep.<\/p>\n
The cost-of-living crisis and imminent energy bill spike is likely to be Truss\u2019 priority and she\u2019ll have to hit the ground running to deal with the immediate squeeze on Britons\u2019 pockets, with inflation continuing its upward trend.<\/p>\n
Truss has promised to unveil measures to help struggling Brits within a week of taking office but has so far ruled out energy rationing \u2014 although she might not be able to fulfil that promise.<\/p>\n
Economists say the package of measures will need to be big, very big, in order to pull the U.K. through a winter of crisis.<\/p>\n
\u201cOnce in power, Liz Truss will likely be forced to take more drastic action to prevent winter supply shortages,\u201d Eurasia Group\u2019s Mujtaba Rahman and Henning Gloystein said in a research note last week.<\/p>\n
\u201cAlongside her \u201cfiscal intervention,\u201d Truss is also likely to unveil an energy package, which while aimed primarily at domestic consumers, will cover questions like storage, raising production, and ensuring that the UK\u2019s Norway stream is secure.\u201d<\/p>\n
\u201cWith little policy action undertaken so far, it seems likely that more significant steps will be required during the fall and winter, including nonessential industries being ordered to temporarily shut down or, curtailments on public energy use in order to avoid the worst-case scenario of rolling heating or power outages,\u201d which they gave a 70% probability.<\/p>\n
There is only a 30% chance that the U.K. \u201ccan get through this winter without additional severe measures to reduce consumption,\u201d the analysts said.<\/p>\n
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After a drawn-out contest, the country\u2019s ruling Conservative Party on Monday picked Liz Truss to be its new leader and the U.K.\u2019s new prime minister. Truss, until now the U.K.\u2019s foreign minister, beat rival Rishi Sunak, the country\u2019s former finance minister, to win the leadership race. With members of the Conservative Party asked to vote […]<\/p>\n","protected":false},"author":1,"featured_media":1199915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1200887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1200887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1200887"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1200887\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1200887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1200887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1200887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}