studying time: 2 minutes
Liz Truss turns into the brand new UK Prime Minister after defeating rival Rishi Sunak within the Conservative Celebration management contest. For the previous six weeks, Liz and Rishi have been battling to turn into the nation’s subsequent chief, with Liz Truss ultimately profitable the title of Prime Minister. Ms Truss joked it was “one of many longest job interviews in historical past”.
Liz Truss will succeed Boris Johnson and turn into the nation’s third feminine chief. She received with 57% of the vote, beating Rishi Sunak’s 43%, a big margin of victory. Nevertheless, at 14%, their revenue is decrease than the final competitions and polls. Thanking her constituents and her occasion, Ms Truss mentioned it was an “honor to be elected”.
However now Liz Truss has received the race to turn into Tory chief. What insurance policies and modifications has she promised?
Throughout her marketing campaign, Ms Truss mentioned she would reverse April’s current Nationwide Insurance coverage hike. She additionally vowed to not introduce new taxes and scrap deliberate company tax hikes. Company tax is ready to rise from 19% to 25% in 2023.
Different insurance policies talked about of their management competitors marketing campaign included spreading the UK’s “Covid debt” over an extended interval of time to ease the burden on people and companies. She additionally urged making it simpler to pay taxes for many who are unable to work due to caring obligations.
She additionally mentioned she won’t reduce public spending except the occasion can discover a approach to take action with out creating extra issues sooner or later. She additionally proposed a goal of spending 2.5% of GDP on protection and reaching 3% by 2030.
One other coverage mentioned throughout her marketing campaign included suspending the “inexperienced levy” – the a part of the power invoice that goes in the direction of social and inexperienced initiatives.
Liz Truss now faces a plethora of challenges and points, together with help packages for dwelling bills and serving to the nation climate the approaching winter whereas power payments soar.
In her profitable speech, she reiterated her pledge to “put ahead a daring plan” to chop taxes and increase the financial system. “I’ll take care of the power disaster and take care of individuals’s power payments, but in addition with the long-term issues that we’ve got with power provide,” she mentioned in her victory speech.