Liz Truss will be the next Prime Minister of the United Kingdom after winning a leadership election. In a vote by Conservative Party members, she beat former finance minister Rishi Sunak. Truss assumes the presidency as the country suffers a cost-of-living problem, industrial unrest, a recession, and war in Europe.
Kwasi Kwarteng, generally expected to be Truss’ finance minister, believes “some fiscal relaxation” is required, but only in a financially sensible manner. Truss faces “perhaps the second most challenging brief of post-war prime ministers” behind Margaret Thatcher, according to David Davis.
Truss faces a big, expensive, and tough to-do list, which opposition politicians blame on 12 years of bad administration. The average annual family power bill is predicted to soar by 80% in October to 3,549 pounds, before rising to 6,000 pounds in 2023. The government announced a 15 billion pound assistance package in May to assist people with their energy expenses. This year, Italy has allocated more than 52 billion euros ($51.75 billion) to assist its citizens in dealing with rising energy bills.