In her debut speech outside her new Downing Street home, new British Prime Minister Liz Truss said she would cut taxes to boost economic growth, strengthen the National Health Service and " It is expected to unveil its energy plans on Thursday, according to AP NEWS..

Truss plans to cap electricity bills, media reports say. The cost of this move for taxpayers could cost ?100bn ($116bn).

" “No matter how strong the storm is, I know that the British people are stronger.”.

Liz Truss, upon becoming British Prime Minister, was immediately faced with the enormous tasks facing her: curbing soaring prices, stimulating the economy, reforming a national health system burdened by long queues and a shortage of staff.

She also has to deal with an energy crisis caused by Russia's invasion of Ukraine that threatens to drive energy bills to unaffordable levels, close businesses and leave the country's poorest people shivering in their homes..

Truss, 47, took office at Balmoral Castle in Scotland when she was formally asked by Queen Elizabeth II to form a new government in a carefully orchestrated centuries-old ceremony.. For the first time in the Queen's 70-year reign, the transfer of power took place at Balmoral and not at Buckingham Palace in London..

Truss, Britain's third female prime minister, quickly set about forming her own cabinet.. She named team members the best employees, diverse in gender and ethnicity, but loyal to her and her free market policy..

In particular, Quasi Kwarteng became the first black head of the UK Treasury, and Teresa Coffey became the first female deputy prime minister..

Other appointments include James Cleverley as Foreign Secretary and Sewell Braverman as Home Secretary..

US President Joe Biden, who has worked closely with Johnson to counter Russia's invasion of Ukraine, was quick to congratulate Truss..

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Truss became prime minister a day after she was chosen by the ruling Conservative Party as their leader in an election where the only voters were 172,000 due-paying party members..

As leader of the party, Truss automatically became Prime Minister without the need for a general election, as the Conservatives still have the majority of legislators in the House of Commons. But as a national leader chosen by less than 0.5% of the UK adult population, Truss is under pressure to show fast results..