Liz Truss becomes Britain’s fourth prime minister in six years. The main hurdle that she might face is to race against time to deal with cost of living emergency. Lizz Truss will swear as the next prime minister on Tuesday and will immediately be appointed to the cabinet of Loyalist MPs. She will become Britain’s fourth Tory Prime Minister in six years after beating Rishi Sunak with 20,000 votes.

The prime minister-elect is expected to announce plans for an energy price freeze on Thursday as she battles to navigate an overwhelming situation during the worst economic crisis in generations. Unions have warned Liz Truss today that she faces “fierce resistance” if she tries to attacks workers’ right. Truss won with 81,326 votes of Tory members to the former chancellor’s 60,399, a narrower victory than anyone expected.

The Way Forward

The euphoria of victory seems to have faded quickly given the way to the hard reality of challenges ahead. With countries gripped by a cost of living crisis and the economy on the brink of recession. She also faced demands to reveal her plans for tackling the deepening cost-of-living crisis, something she has failed to do. Truss will reveal support for households and businesses later this week.

The Plan Ahead

Treasury sources said that under the proposal, funds could be provided by commercial banks and backed by government guarantees, and added to consumers’ bills over the long term. One move under discussion is to freeze all households’ bills potentially until the next planned general election in 2024. Truss was also said to be planning for an expansion of North Sea gas extraction.

Her Victory Speech

Truss used her victory speech at a central London conference center to say Tory beliefs in freedom, low taxes, and personal responsibility “resonate with the British people”. She added: “during this leadership campaign, I campaigned as a conservative and I will govern as a conservative. We need to show that we will deliver over the next two years”. She has promised a “bold plan” to cut taxes and grow the economy, and pledged to “deal with” soaring energy bills and longer-term energy supply.