“It’s time for politics to be over, folks, it’s time for us all to get behind Liz Truss.” Boris Johnson said in his farewell speech on Tuesday as he welcomed the new prime minister of Britain.
Liz Truss, on September 6, 2022, officially became the fourth conservative member in six years to lead Britain as a prime minister. She announced three stated priorities: tax cuts to boost the economy, support over rising energy costs, and sorting out the state-run National Health Service. She plans to increase tax on workers and employers, and additional funding for health care.
Truss inherited the leadership to manage Britain’s economy during a crisis with inflation at double digits.
Public debt is now slightly shy from 100%, up from about 80% pre-Covid. The Bank of England warned of a lengthy recession,
Truss noted that Britain would continue to stand up for freedom and democracy. “I know that we have what it takes to tackle those challenges. Of course, it won’t be easy, but we can do it,” Truss said.