World

Who is moving to Downing Street? Liz Truss is about to have her… & More Latest News Here

 

Anything but a victory for Foreign Secretary Truss in the election for the Tories leader and thus for the prime minister of Great Britain would be a surprise. The result will be announced at 1:30 p.m. There is a need for action, especially in the energy crisis.

Boris Johnson has started one of his last days as British Prime Minister. The British Tories want to announce on Monday (1.30 p.m. CEST) who will succeed him as head of the Conservative Party and thus also as Prime Minister. Foreign Minister is the favorite lic truss, which is well ahead of her rival and ex-Finance Minister Rishi Sunak in polls. The British bookmakers rate Sunak’s chance of winning at just two percent. Up to 200,000 party members have been able to vote by letter or online in the past few weeks on who should move into Downing Street and succeed Johnson.

The candidates will be informed a few minutes before the announcement. After the announcement of the results, things will go quickly. As early as 1 p.m. local time, the winner’s team should start “onboarding” in Downing Street, i.e. prepare for taking office. Favorite Truss could already move in on Tuesday. On Wednesday, the new prime minister will be answering questions in the British Parliament.

Johnson’s final hours in office

The 58-year-old Johnson is leaving office after numerous scandals under pressure from his cabinet. The 47 year old truss is assigned to the right wing of the party. In the inner-party election campaign, she was able to score points above all with the plan to immediately lower taxes.

After the winner was announced on Monday, the change at the top of the British government will take place on Tuesday. Both Boris Johnson and his likely successor travel to Scotland and are successively received by Queen Elizabeth II, who is spending her summer holiday there. The fact that the audiences take place there and not in London’s Buckingham Palace is extremely unusual, but the journey from Scotland to London would be too difficult for the now 96-year-old monarch. Back in London, an inaugural speech follows in Downing Street.

Truss will be “fiscally responsible”

UK Business Secretary Kwasi Kwarteng believes Liz Truss will target trend growth of 2.5 percent if she becomes prime minister, he wrote in Sunday’s Financial Times. Truss will be “fiscally responsible” and work to lower the debt ratio relative to GDP to decline over time, he added.

Truss is also considering freezing energy bills for millions of households this winter if she becomes prime minister, the Telegraph newspaper reported late Sunday, citing campaign sources and energy company insiders familiar with the talks.

Economic mood gloomy

Business sentiment in the UK deteriorated more than expected in August. The S&P Global Purchasing Managers’ Index fell 2.5 points to 49.6 points, market researchers said on Monday in London, according to a second estimate. The indicator has thus fallen below the growth threshold of 50 points.

It thus signals a contraction in economic output. It is the lowest level since February 2021. On average, economists had expected the initial estimate of 50.9 points to be confirmed.

What to expect from Truss?

From what she’s hinted, the Truss reign will largely be a continuation of the Johnson years. A former cabinet colleague said unflatteringly that the future head of government was “like Boris, but without the charm”. In any case, Truss is a staunch Brexit supporter.

However, the British are currently completely fixated on the black clouds that have gathered on the economic horizon: high inflation – it is already over ten percent – ​​and the dramatic increase in energy prices from October are signs that could trigger the worst crisis in decades . Even sober observers warn of social unrest unless the state steps in with a massive bailout package for households and businesses. Former Tory MP and journalist Paul Goodman recently said the new PM would soon “disappear in an economic blizzard”.

>> Read more about Liz Truss’ positioning in our correspondent Peter Stäuber’s analysis

(APA/dpa/red.)

Who is moving to Downing Street? Liz Truss is about to have her…
& Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

Who is moving to Downing Street? Liz Truss is about to have her…
& More Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

Who is moving to Downing Street? Liz Truss is about to have her…
& More News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

News – Times . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

newstimes.com.ng🡽

Back to top button