LONDON – Liz Truss is expected to be named leader of the governing Conservative Party and Britain's next prime minister on Monday (Sept 5), poised to take power at a time when the country faces a cost of living crisis, industrial unrest and a recession. After weeks of an often bad-tempered and divisive party leadership contest that pitted Truss against...
Conservative leadership candidate Liz Truss arrives at Broadcasting House ahead of her appearance on BBC's Sunday with Laura Kuenssberg show in London, Britain, on Sept 4, 2022.LONDON – Liz Truss is expected to be named leader of the governing Conservative Party and Britain's next prime minister on Monday , poised to take power at a time when the country faces a cost of living crisis, industrial unrest and a recession.
Over that period the country has been buffeted from crisis to crisis, and now faces what is forecast to be a long recession triggered by sky-rocketing inflation which hit 10.1 per cent in July. She has signalled during her leadership campaign she would challenge convention by scrapping tax increases and cutting other levies that some economists say would fuel inflation.
"I actually don't think any of the candidates, not one of them going through it, really knows quite how big this is going to be," he said, adding that costs could run into tens of billions of pounds.Truss has said she will appoint a strong cabinet, dispensing with what one source close to her called a "presidential-style" of governing.
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