Liz Truss to enter Downing Street on tuesday after bruise battle become next prime minister and will immediately start work on two-year package of energy help that can cost up up to £100 billion.
Foreign secretary defeat the opponent and former Chancellor Rishi Sunak in bulletin of Conservative party members by 81,326 votes to 60,399 – by a margin of 57-43 – after a seven-week competition for the seat of Boris Johnson.
Trass will meet the queen on Tuesday at Balmoral, the monarch’s country estate, and then immediately return to London to announce his cabinet and resolve the economic crisis. facing country.
She will become the 56th British prime minister and a fourth inhabitant of Tori of Number 10 in just over six years. She will be also became the country’s third female prime minister after Margaret Thatcher and Theresa May.
Truss seeks to cap energy prices – average household bills rise from almost £2,000 to more than £3500 in October – in a costly market intervention in avoid a family misery as well as business crash.
Kwasi Kwarteng, who he is expected to become chancellor of Truss, wrote in Financial Times on Sunday that “decisive action is needed to help families and businesses get through this winter and next”.
farms team said total package will not exceed £100bn, but could come close given the scale of in support required for households and protect small companies.
With 27.4 million households frozen gas and electricity bills current typical annual cost of 1971 pound sterling will be cost in in region of 40 billion pounds a year but this bill will rise sharply if wholesale gas prices remain at the same level. current elevated levels.
They are currently costs £5 per therm, 66% higher than the thermal energy reference of £3, which underpins the proposed retail energy of £3,549. price cover from next month.
Quarteng weighs up whether massive government intervention in energy market should pay off from general taxation or through future charge on consumer bills – the latter can be politically problematic.
Farm also wants to reform energy markets so that drive down accounts. It seeks to convince nuclear and renewable energy producers to voluntarily accept new fifteen-year contracts in fixed prices are good below in current appreciates that give their profits are tied to highly inflated gas prices.
Farm Paid tribute to outgoing prime minister Boris Johnson said he was “admired from Kyiv to Carlisle”.
“I will present a bold plan to lower taxes and grow our economy.” with people energy bills and also for a long time-term problems we have with power supply,” she said. added.
Truss vowed to deliver a “great” Conservative electoral victory in a vote she said take place in 2024 but the vote on Monday illustrated scale of in challenge.
Urgent YouGov Poll found that only 14 percent of The British thought Truss would do better prime minister than Johnson. Survation poll gave opposition Labor party 46-29 points lead over tory.
47-year- the old future prime minister, who served in cabinet for eight years, promised the right agenda of tax cuts — mostly funded by loans — in an attempt to stop the slide of Britain into a protracted recession.
Farm won in party crown after a protracted and bitter struggle for Johnson’s seat, who resigned on July 7 after the mutiny in the cabinet led by Sunak. over his behavior is prime minister.
Truss posed as an heiress to Margaret Thatcher, promising tax cuts and less regulation and insisting that it was wrong to view all economic policy through the lens of redistribution”.
In foreign policy, she took a hard line on Russia swore to stand up to Brussels in line over in post-Brexit trading agreements in Northern Ireland.
Truss will announce it new cabinet on Tuesday. Kwarteng will be its Chancellor, and the Ministry of Foreign Affairs minister James Cleverly is expected to get promoted overseas. secretary. Advocate-general Suella Braverman is expected to replace Priti Patel. who throw like home secretary on Monday.
In others key assignment, Jacob Rees-Mogg, right ally of Johnson is expected to become business secretary with duty for energy policy. Ben Wallace will remain on defense, while Trass teammate Teresa Coffey is promised to become a medic. secretary.
