Liz Truss will be the next Prime Minister

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Liz Truss will become the new UK prime minister after defeating Rishi Sunak in the Conservative Party leadership race. For the past six weeks, Liz and Rishi have been fighting to become the country’s next leader, and Liz Truss has finally won the post of prime minister. Ms Truss joked it was “one of the longest job interviews in history”.

Liz Truss will succeed Boris Johnson, becoming the nation’s third female leader. She won with 57% of the vote, beating Rishi Sunak’s 43%, a large win rate. However, her win rate is down 14% compared to recent contests and polls. Ms Truss thanked voters and her party, saying it was an “honour to be elected”.

But now that Liz Truss has won the race to become Tory leader, what policies and changes has she promised?

During her election campaign, Ms. Truss said she would reverse recent National Insurance increases from April. She also pledged not to introduce any new taxes and eliminate the planned corporate tax increase. Corporate tax is set to increase from 19% to 25% in 2023.

Other policies mentioned in her leadership campaign include spreading the UK’s “covid debt” over a longer period to ease the strain on individuals and businesses. She also suggested making it easier to pay taxes for those unable to work due to caregiving responsibilities.

She also said she would not cut public spending, unless the party could find a way to do so without creating more problems in the future. In addition, she proposed a target of spending 2.5% of GDP on defense, reaching 3% by 2030.

Another policy discussed during her campaign included the suspension of the “green tax” – part of the energy bill paid for green and social projects.

Liz Truss now faces a multitude of challenges and issues, including packages to support the cost of living and help the nation weather the upcoming winter when energy bills will soar.

In her victory speech, she reiterated her promise to “come up with a bold plan” to cut taxes and grow the economy. “I will address the energy crisis addressing people’s energy bills, but also address the long-term problems we have in terms of energy supply.” She said in her victory speech.

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