Scandal-hit British PM Johnson, who announced his resignation two months ago, is expected to meet with Queen Elizabeth at her Balmoral estate to begin the transfer of power to Liz Truss.
Truss, who was named leader of the ruling Conservative party on Monday, will be appointed prime minister during her own audience with the queen a short time later.said his policies had given the country the economic strength to help people weather the energy crisis before he signed off his typical bluster.
Boris Johnson delivers a farewell address before his official resignation at Downing Street on Tuesday in London.Truss, 47, takes office a day after the Conservative Party’s 172,000 members elected her to lead their party. She is under pressure to spell out how she plans to help people and businesses struggling to pay energy bills that are due to rise next month to 3,500 pounds for the average household — triple the cost of a year ago.
Liz Truss' first task for Truss will be to appoint a Cabinet to tackle the government’s mountain of challenges.Truss, a low-tax, small-government conservative, says her priority is cutting taxes and slashing regulations to fuel economic growth. Critics say that will further fuel inflation while failing to address the cost-of-living crisis. The uncertainty has rattled money markets, driving the pound as low as $1.15, its weakest performance against the dollar since the 1980s.
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