Liz Truss is expected to be named leader of the ruling Conservative Party and Britain’s next prime minister on Monday. Sources said he is ready to take over the country, which is currently facing a crisis in living standards, industrial unrest and recession. Reuters news.
The Prime Minister’s name will be officially announced on Monday at 11:30 British time (5:30 PM Bangladesh time). Former finance minister Rishi Sunak and foreign secretary Liz Truss have been vying to become Britain’s prime minister and party leader for weeks after Boris Johnson announced his resignation.
He will travel to Scotland to meet Queen Elizabeth on Tuesday after the winner is announced on Monday. Then ask the Queen’s new leader to form the government.
Truss, the front-runner to replace Johnson, would be the Conservatives’ fourth prime minister since the 2015 election, when the country’s crisis has deepened.
Truss, 47, who served as foreign secretary under Boris Johnson, has promised to act quickly to tackle the crisis in Britain’s living standards. He said within a week he would come up with a plan to tackle rising fuel bills and secure future fuel supply.
He hinted during his leadership campaign that he would act on the factors that economists believe would lead to inflation. He said he would challenge the convention by canceling the tax hike and cutting other tariffs.
The Institute for Fiscal Studies last month cast doubt on Britain’s next prime minister’s place for big, permanent tax cuts.