Bloomberg: Truss won and will replace Johnson, what happens next?

05 September 2022, 17:51 | Peace
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Liz Truss won the election as the leader of the Conservative Party. This means that she will replace Boris Johnson, who resigned in July, not only at the head of the party. She will also become the new British Prime Minister..

However, according to Bloomberg, Truss, who until now was the Minister for Foreign Affairs of the United Kingdom, will head the government only tomorrow.. To do this, she will meet with Queen Elizabeth II at her Scottish castle, where the British monarch will formally appoint her prime minister.. Before that, the Queen will meet with Boris Johnson. Truss will then return to 10 Downing Street for an address to the people.. Only then will she appoint the members of the new government..

Bloomberg recalls that before the election, Truss promised that she would help the British solve the problem of rising living costs in the first week if she was elected leader of the conservatives.. It is quite possible that the new prime minister will decide to set a fixed price for energy resources, as well as provide targeted financial assistance to pensioners and low-income families.

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The publication also notes that Truss' first political promise was to cut taxes..

Only later did she promise to deal with energy and health issues..

However, Bloomberg writes that Truss has very difficult years ahead.. The Bank of England predicts that in a month the UK will enter a period of negative or no economic growth for almost two years. The bank also forecasts inflation at over 13%.. And markets expect the Bank of England to be forced to raise interest rates above 4% early next year.. This level has not been for more than 10 years.




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