Prime Minister Liz Truss has defended her Government's controversial tax cuts as she vowed to 'usher in a decade of dynamism'. Truss has come under fire from Labour who accused the Prime Minister and Chancellor Kwasi Kwarteng of gambling with people’s finances in 'casino economics', and claimed their 'trickle-down' approach will leave the next generation worse off.
Liz Truss announced as next UK Prime Minister
05.09.2022 - 15:05 / manchestereveningnews.co.uk
Liz Truss has been announced as the next Prime Minister of the UK after beating opponent Rishi Sunak in the Tory leadership contest.
Ms Truss, the current foreign secretary, will be handed the keys to Number 10 Downing Street on Tuesday after Boris Johnson officially tenders his resignation in a meeting with the Queen at Balmoral. The Cabinet minister had been widely tipped to be the next Conservative Party leader from early on in the leadership race.
The announcement was made by Sir Graham Brady, chairman of the 1922 Committee of Conservative backbench MPs, at the QEII Conference Centre in central London today after thousands of Tory party members cast their votes before the deadline on Friday.
READ MORE: Liz Truss v Rishi Sunak LIVE as next Prime Minister of the UK announced
Ms Truss' first days in office will be dominated by the cost of living crisis as Brits eagerly await announcements about further financial support in the face of soaring energy bills. Ms Truss has so far remained tight-lipped about what kind of support package she might introduce, but reports suggest she is likely to introduce an energy bills freeze in some form.
This is a breaking news story and will be updated as we have more information.
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