Liz Truss

Truss is facing Rishi Sunak, the government's former Treasury chief, in the contest to become Conservative Party leader.

Truss is facing Rishi Sunak, the government's former Treasury chief, in the contest to become Conservative Party leader and so prime minister. Goldman Sachs has estimated that inflation could soar to 22% by next year unless something is done to mitigate high energy prices. She stressed, however, that she understands the magnitude of the problems facing Britain.

Foreign secretary widely tipped to win Conservative leadership race on Monday.

But I want to provide reassurance that this will be done in a fiscally responsible way. [Terms of use,](https://www.independent.co.uk/service/user-policies-a6184151.html) [Cookie policy](https://www.independent.co.uk/service/cookie-policy-a6184186.html) and [Privacy notice.](https://www.independent.co.uk/service/privacy-policy-a6184181.html) [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply. That is why I cannot go into details at this stage. Once the result of the contest is known, Mr Johnson and his successor will go to Balmoral, rather than Buckingham Palace, for the appointment of the new prime minister on Tuesday, in a break from tradition. She told the BBC “growing the economy benefits everybody” and it is “wrong” to look at everything through the “lens of redistribution”. “This is the moment for every Conservative to come together – and back that new leader wholeheartedly,” he wrote in the Sunday Express. The new leader is expected to make a speech following the announcement, before spending the rest of the day finalising their choices for Cabinet and wider ministerial roles and writing their first prime ministerial speech. “This is why it will take a week to sort out the precise plans and make sure we are able to announce them. Liz is committed to a lean state and, as the immediate shock subsides, we will work to reduce the debt-to-GDP ratio over time,” he wrote. [Kwasi Kwarteng](/topic/kwasi-kwarteng), widely tipped to be the next chancellor if Ms Truss is successful on Monday, used an article in the Financial Times to stress that the next [Government](/topic/government) will behave in a “fiscally responsible” way. Mr Kwarteng, a close political and ideological ally of Ms Truss, offered a vision for how he would operate the Treasury as he said that the next Government would be “decisive and do things differently”.

If Liz Truss prevails in the race for the Conservative leadership, the 47-year-old will become Britain's third female prime minister. Her opponent Rishi Sunak ...

British foreign minister Liz Truss said on Sunday she would set out immediate action in her first week in power to tackle rising energy bills and increase ...

In the Telegraph, she said her approach would be two-fold - immediate action to tackle the cost of living crisis and a plan to deliver economic growth. I am ready to take the tough decisions to rebuild our economy," she wrote. "But let's hope that's not the case." She did not comment on the 100 billion pounds figure. It is a long and costly to-do list for the incoming leader who will replace Prime Minister Boris Johnson. Register now for FREE unlimited access to Reuters.com

In today's newsletter: From forming a cabinet to countering Covid, how will the presumptive next prime minister get started?

[Sign up here](https://www.theguardian.com/world/2018/feb/12/the-upside-sign-up-for-our-weekly-email) for a weekly roundup of The Upside, sent to you every Sunday Meanwhile, [Brighton beat Leicester 5-2](https://www.theguardian.com/football/2022/sep/04/brighton-leicester-premier-league-match-report) to leave the visitors still bottom of the table. [has beaten defending champion and world No 1 Daniil Medvedev](https://www.theguardian.com/sport/2022/sep/05/nick-kyrgios-stuns-world-no-1-daniil-medvedev-to-reach-us-open-last-eight) to reach the last eight of the US Open. [Merope Mills’ piece](https://www.theguardian.com/lifeandstyle/2022/sep/03/13-year-old-daughter-dead-in-five-weeks-hospital-mistakes)for Saturday magazine about the preventable errors that led to the death of her daughter Martha is a staggering indictment of medical failure. [won a thrilling match against Arsenal 3-1](https://www.theguardian.com/football/2022/sep/04/manchester-united-arsenal-premier-league-match-report), with a goal from debutant Antony and two from Marcus Rashford. The Mail’s lead, about Joe Lycett’s appearance on Sunday with Laura Kuenssberg, is “Now BBC comic mocks Liz Truss” while in Scotland the Record leads with the verdict of Nicola Sturgeon on the Tory race: “Truss will be a disaster”. With pressure on NHS resources also likely to be elevated by an [especially acute flu season](https://www.theguardian.com/uk-news/2022/aug/09/what-are-the-impending-threats-to-the-nhs-this-autumn), Truss and her likely choice as health secretary Thérèse Coffey may come under pressure from medical and scientific advisers to act – but Truss has already ruled out further lockdowns, and [said that](https://www.theguardian.com/politics/video/2022/aug/25/conservative-party-hustings-covid-lockdown-went-too-far-say-truss-and-sunak-video) restrictions at the peak of the pandemic were too strict. [low personal favourability ratings](https://novaramedia.com/2022/08/30/voters-already-hate-liz-truss/) – and a winter of fuel poverty in the post. [she said in July](https://www.reuters.com/world/uk/ukraines-greatest-friend-uks-truss-pledges-more-support-kyiv-2022-07-28/). Truss appears to have little interest in conciliation: she has [promised to legislate within 30 days](https://www.theguardian.com/politics/2022/jul/25/liz-truss-pledges-crackdown-on-unions-but-is-accused-of-tory-fantasy) to restrict key workers’ legal rights to strike through so called “minimum service levels”. Once the immediate emergency is in hand – not that many observers expect that to be easily achieved – Truss told Kuenssberg that “we also need to sort out the supply issues”. On the same programme, Truss spoke in terms that indicated her awareness that she needs to hit the ground running in the midst of economic and energy crises as severe as any a new prime minister has faced in living memory.

The winner of the Tory leadership contest is revealed later - before becoming PM on Tuesday.

And the stakes are high, for voters are worried about their bills most of all. But also for the Conservative Party, worried about its future. [travel to Balmoral Castle in Scotland](https://www.bbc.co.uk/news/uk-62728328) to be appointed by the Queen, rather than at Buckingham Palace. That will include tax cuts and help for families and businesses. The original field of 11 contenders was whittled down to two in a series of Tory MP ballots, with the final pair going into a run-off to be decided by the membership, which stands at about 160,000. Mr Johnson was forced out in July by a ministerial revolt over a string of scandals, just over two-and-a-half years after leading the Tories to a landslide victory at the 2019 election. Ms Truss did not rule out a freeze on Sunday but has previously described the idea as a "sticking plaster" and argues more needs to be done to help the UK boost its domestic sources of energy. She said any further support would have to go "hand in hand" with efforts to boost nuclear energy, fracking for shale gas and more oil and gas drilling in the North Sea. On Sunday the foreign secretary declined to say whether further help would be universal or targeted at the most needy, saying she would need time in office to iron out the details of her plan. After weeks of talking to Conservative members, the new prime minister will have to start talking to the country immediately. Ms Truss is yet to offer details of her cost-of-living support plan beyond saying she will temporarily scrap green levies on energy bills and reverse the rise in National Insurance introduced during Mr Johnson's tenure. BBC News has been told that a menu of options has been worked up in Whitehall to help struggling households, including a freeze on energy bills.

Expected Tory winner again refuses to reveal details amid growing concerns about her plans to cut taxes.

“But I want to provide reassurance that this will be done in a fiscally responsible way. He said: “Families and businesses are feeling the impact across the United Kingdom and the world. “She’s clearly absolutely right that we’ve had dreadful growth over the last 15 years,” he told BBC Radio 4’s Today programme. Overnight, the [Times](https://www.thetimes.co.uk/article/truss-team-hold-talks-on-freezing-energy-bills-rlcq2t6c9) and [Daily Telegraph](https://www.telegraph.co.uk/politics/2022/09/04/liz-truss-could-freeze-bills-avoid-energy-armageddon/) reported that her team has been in talks about potentially doing this, although such help could be more targeted than Labour’s universal proposal. Writing in the FT, Kwarteng said the UK economy was suffering the impact of the invasion of Ukraine and of Covid. Liz Truss could introduce a price freeze for some energy bills, it has emerged, as the MP widely tipped to be her chancellor if she is announced as the new Conservative leader promised her government would be “bold”.

The Conservative Party's leadership contest winner, Liz Truss or Rishi Sunak, will be announced Monday and installed as the British prime minister on ...

Conservative Party lawmakers said they could no longer trust a prime minister who prevaricated his way through scandal after scandal (and could no longer be counted on to help win elections). If Truss does emerge victorious, she would be Britain’s third female prime minister — following Margaret Thatcher and Theresa May. His predecessor, May, also called an early election, which lost her a parliamentary majority. As foreign secretary, she was a reliable NATO ally and Ukraine supporter, talking tough on Russia and its president, Vladimir Putin. And Sunak’s leading role in Johnson’s ouster — angry Tories called him a “Brutus” — seemed to hurt him with the grass roots. [“kissing hands,”](https://www.washingtonpost.com/world/2022/07/11/next-uk-prime-minister-explainer/?itid=lk_inline_manual_22) his successor will bow or curtsy and ask the queen for permission to form a new government. [shapeshifting](https://www.washingtonpost.com/world/2022/09/03/liz-truss-uk-prime-minister/?itid=lk_inline_manual_12) politician. [“selectorate”](https://www.washingtonpost.com/world/2022/07/11/next-uk-prime-minister-explainer/?itid=lk_inline_manual_12&itid=lk_inline_manual_10) of 150,000 to 200,000 dues-paying Conservative Party members — about 0.3 percent of the population — determine the country’s political future. [YouGov poll](https://yougov.co.uk/topics/politics/articles-reports/2022/09/01/what-do-people-think-liz-truss), 12 percent of the general public say Truss will be a good or great prime minister compared with 52 percent who say she will be poor or terrible. An avalanche of resignations followed. [Liz Truss](https://www.washingtonpost.com/world/2022/09/03/liz-truss-uk-prime-minister/?itid=lk_inline_manual_2) is far and away the favorite among the Tory activists who are selecting the leader of their party and the next leader of Britain in vote results to be announced Monday. [Sunak’s fiery departure](https://www.washingtonpost.com/world/2022/07/05/boris-johnson-sunak-javid/?itid=lk_inline_manual_7) as chancellor of the exchequer, or treasury secretary, in July that launched the revolt against Johnson.

The votes are in and Britain's next Prime Minister will be revealed on Monday, with Liz Truss and Rishi Sunak vying for the coveted Tory leadership. The results ...

She is the third British female leader. Truss' mother only decided at the last moment to support her when she first ran for office and was on the campaign trail with her. She became a conservative, a claim bitterly contested by others. Time will tell. Colleagues at Leeds University are said to have been sent an email by the university warning them not to speak publicly about his daughter. The results will be announced at 12.30pm GMT on Monday, Sept 5.

Liz Truss, who is expected to be named as Britain's next prime minister on Monday, is considering freezing energy bills in response to the spiralling cost ...

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Voting among the estimated 200,000 Tory members charged with choosing Boris Johnson's successor closed on Friday, and either the foreign secretary or Rishi ...

He added: “There is a general sense that nothing is really working anymore, and neither of the candidates to be prime minister had any answer to those issues ... [Terms of use,](https://www.independent.co.uk/service/user-policies-a6184151.html) [Cookie policy](https://www.independent.co.uk/service/cookie-policy-a6184186.html) and [Privacy notice.](https://www.independent.co.uk/service/privacy-policy-a6184181.html) “He welcomed chaos because he thought it created opportunities. It was, after all, how he got Brexit done. [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply. Electricity, gas and water at the No 10 and No 11 flats are covered by the state as a “benefit in kind” – with Ms Truss only set to pay tax on the perk of around £1,980 this winter – meaning she “won’t face the same concerns” as ordinary Britons, Labour said. [Liz Truss warned against ‘bad’ Boris Johnson mistake of filling cabinet with friends](https://www.independent.co.uk/news/uk/politics/liz-truss-cabinet-boris-johnson-b2159908.html) [is on course to repeat](https://www.independent.co.uk/news/uk/politics/liz-truss-cabinet-boris-johnson-b2155988.html) Boris Johnson’s mistake of packing her first cabinet with only allies, a senior Tory peer has warned. “Anything for her under 60 per cent is bound to be read as a disappointment”, while a result aligned with Boris Johnson’s 2019 result of 66 per cent “would be an emphatic win”, he suggested. The polling found that 65 per cent of respondents think Ms Truss is “out of touch”, while half said she was “dislikeable”, and 45 per cent believe she is “incompetent”. Jill Rutter, a former civil servant and senior research fellow at the UK in a Changing Europe think-tank, suggested this issue “was the source of many Johnson disasters and how he managed to look like a minority PM with an 80 majority”. Polling from YouGov this weekend makes grim reading for Liz Truss and the Conservative Party more generally, with just 12 per cent of respondents believing the Tory leadership frontrunner would be a “good” or “great” prime minister.

Latest updates: follow all the developments as the new leader of the Conservatives is elected.

But perhaps Truss is also nervous about confirming that her first act as PM will be to announce a freeze on energy bills – a policy proposed by Labour last month, and also championed by Gordon Brown (who was regularly cited by Truss during the campaign as representing the sort of economic policy she rejected). But she did not deny that she was considering this in her BBC interview yesterday, and in the papers this morning there are multiple reports saying that this is what she is planning. I try to monitor the comments below the line (BTL) but it is impossible to read them all. [Boris Johnson](https://www.theguardian.com/politics/boris-johnson) as prime minister after an audience with the Queen tomorrow, has seen that process inverted. But the Conservative party ballot, which will end today with Liz Truss all but certain to be chosen as the new leader, to replace When it was put to her that the rich would gain most from her plan to reverse the national insurance increase, Truss insisted her proposal was “fair”. And it’s essential that the political solutions that a government crafts, go with the grain of the laws of economics, because if you try and confront the laws of economics, you will come unstuck. (See [8.48am.)](https://www.theguardian.com/politics/live/2022/sep/05/liz-truss-pm-prime-minister-rishi-sunak-energy-bill-freeze-tory-conservative-leader-uk-politics-live-latest-updates?page=with:block-6315a6ac8f0891b09bc876e1#block-6315a6ac8f0891b09bc876e1) Here are the key points. Clifton-Brown, treasurer of the backbench 1922 Committee, said there should be a “rethink” of the timetable before the next contest. Given the severity of the crisis we face, there will need to be some fiscal loosening to help people through the winter. As prime minister, Liz will take immediate action if elected that will help people with the challenges we face in the coming months, and lay the groundwork for the change we need in the long term. And yes, the Treasury will ensure that politicians, however senior, are confronted with the realities of the economic facts of life.

Liz Truss, the foreign secretary, is widely expected to prevail over Rishi Sunak, the former chancellor of the Exchequer, to become Britain's new leader, ...

[Rishi Sunak](https://www.nytimes.com/2022/08/11/world/europe/rishi-sunak-britain-prime-minister.html?action=click&pgtype=LegacyCollection&state=default&module=styln-boris-johnson&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)and [Liz Truss](https://www.nytimes.com/2022/08/25/world/europe/uk-liz-truss-prime-minister.html?action=click&pgtype=LegacyCollection&state=default&module=styln-boris-johnson&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)emerged [as the last two contenders](https://www.nytimes.com/2022/07/20/world/europe/uk-prime-minister-sunak.html?action=click&pgtype=LegacyCollection&state=default&module=styln-boris-johnson&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)vying to succeed Mr. Johnson an opportunity to remind his country, and the world, of the legacy of British resolve on the continent and the latitude for a more independent foreign policy that Britain’s departure from the European Union has provided. Sunak and his opponent, Liz Truss, have both competed to wrap themselves in the mantle of Thatcher, who was prime minister from 1979 to 1990. [the undisputed rising star of British politics](https://www.nytimes.com/2020/10/13/world/europe/uk-boris-johnson-rishi-sunak.html). With an impeccable résumé, a reputation for competence and a reservoir of good will from having guided Britain’s economy through the pandemic, Mr. The Conservative Party leadership campaign, which will result in the naming of a new Prime Minister, has unfolded amid rapidly deepening economic turmoil. Directly after that meeting, the new leader will meet with the queen there and become prime minister, before returning to London to make a speech. Johnson announced in July he would step down](https://www.nytimes.com/2022/08/02/world/europe/boris-johnson-uk-prime-minister.html), have badly eroded the Conservative Party’s support. In addition to the economy, the new leader will have to heal a Conservative Party divided after Mr. At the time of the last leadership election in 2019, 154,500 party members were eligible to vote. in New York), when the Conservative Party announces the results of The winner will become party leader immediately and prime minister on Tuesday, after a meeting with Queen Elizabeth II at her summer retreat, Balmoral Castle, in Scotland.

The UK is set to announce its new Prime Minister on Monday, after a six-week long head-to-head competition between Indian-origin former Chancellor of the Exchequer Rishi Sunak and Foreign Secretary Liz Truss, to elect the new leader of the Conservative ...

Rishi Sunak and Liz Truss are vying to replace Boris Johnson as UK's next Prime Minister. On Brexit, both the Tory leadership candidates vowed to reset the relationship between European Union (EU) and the UK. Notably, corporation tax, policing and ethics were the key highlights in the Conservative party hustings in Birmingham. I am ready to take the tough decisions to rebuild our economy," Truss said in a Saturday article for a UK-based media outlet, reported Sputnik. Thank you to all my colleagues, campaign team and, of course, all the members who came out to meet me and lend your support," wrote Rishi Sunak. However, Truss who is widely expected to take over from Boris Johnson as the next British prime minister seems to have less fan following.

The new leader of the Conservative Party — and the UK's next prime minister — is set to be announced from 12:30 p.m. London time (7:30 a.m. ET).

The central bank also predicted that the UK will enter recession before the end of the year. As far as this affects the Conservative Party leadership contest, analysts are skeptical that either candidate’s policies will help. Average annual energy bills alone are set to rise 80% to £3,549 (approximately $4,180) from October – threatening to overwhelm much of the country.

Truss, who currently serves as foreign minister, will be the U.K.'s new prime minister, after the Conservative Party named her as its next leader on Monday, ...

And even though Sunak has promised to support a new government even if he is not leader, political analysts have said it will be difficult for Truss to unify her divided Conservatives, who still enjoy a sizable majority in the country's parliament — thanks, ironically, to Johnson's huge success as a campaigner during the last national elections. "And we will deliver a great victory for the Conservative Party in 2024" — when the next national elections are slated to be held. Truss secured more than 81,000 of those votes, the lowest proportion of any leader in recent history. [Boris Johnson](https://www.npr.org/1110061446), who was laid low by a succession of scandals that crescendoed in the first half of this year. Truss will become the country's fourth leader in a politically turbulent six-year period. She will be formally appointed as the next prime minister by Queen Elizabeth, likely on Tuesday afternoon.

Liz Truss will become Britain's third prime minister in just over three years, replacing Boris Johnson. Her mandate will be to tackle inflation.

uses little oil and gas supplied by Russia, but by next month the typical British household is expected to pay around $4,200 a year to heat and power a home, according to Ofgem, Britain's energy regulator. "Truss is a full-throated Atlanticist, as is Sunak, who thinks that the U.K. That's an 80% annual rise and reflects the way the British government has engineered its energy market to be reliant on wholesale prices, which have skyrocketed amid the war in Ukraine. Normally the queen would host the departing and new British leaders at her London residence, which she has done 15 times before during her 70-year reign. is the keystone NATO partner," said Matt Beech, director of the Center for British Politics, University of Hull, England, referring to close U.S.-U.K. Political experts say Britain's new leader is unlikely to usher in major changes to the U.K.'s foreign policy that would upend its close relationship with the White House. Truss served in Johnson's government, first as a trade minister and then as foreign secretary. and European officials, of damaging the fragile peace that's existed in Northern Ireland since the U.S.-brokered Good Friday Agreement took effect in1998. His campaign struggled to shake off the perception, anathema to Conservative political ideology, that he presided over a big state intervention during the coronavirus pandemic. Truss, 47, has sought to portray herself as the political heir to Margaret Thatcher, Britain's "Iron Lady" and first female leader who advocated with zeal for free markets, lower taxes and the privatization of large state enterprises from telecoms to energy. Johnson resigned in July after senior members of his government turned against him amid a series of scandals connected to breaking his own coronavirus lockdown rules and waning appetite for his brand of populist politics. Truss was selected by about 172,000 grassroots members of the Conservative Party.

Liz Truss, who will replace Boris Johnson as U.K. prime minister, has centered her leadership campaign on tax cutting policies.

[Earlier this month](https://www.theguardian.com/business/live/2022/aug/30/pound-uk-recession-economy-mortgages-energy-market-gas-business-live), [Goldman Sachs](https://fortune.com/company/goldman-sachs-group) warned that U.K. The U.K. [Finance](https://fortune.com/section/finance)September 4, 2022 [Environment](https://fortune.com/section/environment)September 1, 2022 [Retail](https://fortune.com/section/retail)September 3, 2022BY [Kaori Kohyama](https://fortune.com/author/kaori-kohyama)and [Bloomberg](https://fortune.com/author/bloomberg) will have risen by 170% year-on-year in October, with 8.9 million people projected to be pushed into fuel poverty. In April, British energy costs more than doubled. inflation could hit 22% in January if energy prices continue to spiral out of control. [approving a one-off windfall tax of £5 billion](https://www.bbc.co.uk/news/business-60295177) on energy firms. [had already spiked to record highs](https://www.cnbc.com/2022/04/01/5-million-english-homes-face-fuel-poverty-as-price-cap-rise-kicks-in.html) in the region due to low inventories and increasing demand as countries emerged from COVID lockdowns. [deepest cost of living crisis for decades](https://fortune.com/2022/09/01/john-lewis-waitrose-offering-staff-free-food-amid-winter-cost-of-living-crisis/), piling pressure on the country’s incoming leader to bolster the floundering economy. [“regressive” plans](https://www.ft.com/content/6de5b52e-64c8-4997-8939-e1c59172daa7) that are based on [“very out of date” forecasts](https://inews.co.uk/news/politics/liz-truss-tax-cuts-based-on-very-out-of-date-forecasts-as-critics-accuse-her-of-dodging-scrutiny-1807521). [analysis by The Guardian last month](https://www.theguardian.com/politics/2022/aug/08/liz-truss-plans-could-cost-50bn-a-year-and-will-fail-to-help-poorest-cope) found that her plans could cost £50 billion ($57 billion) per year while failing to help Britain’s poorest cope with rising prices. [to BBC program Sunday with Laura Kuenssberg](https://www.bbc.co.uk/news/business-62786336) over the weekend, Truss defended her plans and criticized the idea of focusing policies on income distribution.

After a drawn-out Conservative Party leadership contest the U.K. now has a new leader: Liz Truss.

Instead, noisy U.K.-EU relations and the risk of a trade war with the EU if the U.K. "The combination of surging inflation and tightening monetary policy is tipping the U.K. She had announced several weeks ago that she would introduce an emergency budget in the first few weeks of taking office to ensure support was on its way as bills rise. in 2018](https://unearthed.greenpeace.org/2019/08/04/liz-truss-trade-us-trump-deregulation-brexit/) to discuss weakening regulation and to see whether the U.K. and the tax rise was introduced by then-Chancellor Rishi Sunak, Truss's rival in the leadership race, in April) as well promising no new tax rises and no energy rationing. At the time of the alleged meetings. Neither of those thinktanks, the Heritage Foundation and American Enterprise Institute, could confirm to CNBC that such meetings had taken place. President Ronald Reagan in the 1980s which broadly aimed at reducing taxes and regulations while also reducing public spending and controlling the supply of money. In Boris Johnson's government she has held the position of international trade secretary and then, until now, foreign minister. In 2010, however, she finally succeeded in becoming the MP for South West Norfolk, which remains her constituency now — although faced another hurdle to reach that position when local party activists tried to have her deselected as a candidate as she had not declared an affair in 2006 with a married MP, Mark Field. following the resignation of Prime Minister Boris Johnson — the country now has a new leader. She recalls her mother taking her on nuclear disarmament marches, run by the Campaign for Nuclear Disarmament (CND), in the early 1980s where they would sing anti-Margaret Thatcher songs.