Leader of the Conservative Party Liz Truss defeated former chancellor Rishi Sunak Monday to become the new Prime Minister of the United Kingdom.
After a protracted internal campaign triggered by this summer Boris Johnson’s After resigning in July, Conservative Party members elected Truss by a vote of 81,326 to 60,399 over their rival
What happened: After months of scandal, Johnson was ousted from office in July. This week he and Truss Queen will be visiting Elizabeth II‘s residence in Scotland, where Johnson will hand in his official resignation and Truss will be asked to form a government.
Continue reading: Why did Boris Johnson resign as British Prime Minister?
Fast facts on incoming PM: Truss, 47, a former industrial economist for sleeve and current Secretary of State for Foreign, Commonwealth and Development Affairs, is the leader of the Conservative Party in the UK.
According to the Wall Street JournalShe quickly rose through the ranks to become Johnson’s foreign secretary after being elected to Parliament in 2010 as a member of the ruling Conservative Party.
She stood behind Johnson despite a rebellion by party lawmakers that year, but she had laid the groundwork for a leadership contest when she hosted “Fizz with Liz” events with the same MPs for months.
Why it matters: Truss, the third female prime minister thereafter Teresa May and Margaret Thatcheris a libertarian who supports limited government and low taxation.
I am honored to have been elected leader of the Conservative Party.
Thank you for putting your trust in me to guide and deliver our great country.
I will take bold action to get us all through these difficult times, grow our economy and unlock the potential of the UK. pic.twitter.com/xCGGTJzjqb
— Liz Truss (@trussliz) September 5, 2022
According to Goldman Sachs, the new prime minister will inherit 10.1% inflation, approaching 20% for the first time since 1974.
Their strategy is to take the UK’s average growth rate to 2.5%, a…
