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New British Prime Minister Liz Truss's First Address as PM | World News | Latest English News
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After prevailing against Rishi Sunak in the fiercely contested Conservative leadership race, Liz Truss will take office as Britain's next prime minister. When Liz Truss takes office tomorrow, she will have to deal with a financial crisis that has never occurred at a period of peace. We are informed that she will do so with £100 billion in public funds, which is a huge increase above the amount her predecessor, Boris Johnson, spent on furloughs during the Covid crisis. For a prime minister who spent the summer running for office on a promise to stop giving out such "handouts," this will demand a clear U-turn. But Truss will be served by bare need. Energy producers, merchants, and consumers are all crying in pain. Numerous small enterprises are in danger of failing. Truss will be obliged to call upon Labour's state interventionism after 12 years of Tory rule.
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#worldnews #newukpm #liztruss
Times Now - Times Now News channel examines news with in-depth analysis. We provide much more than the latest news and breaking news of the day. Times Network houses upscale television channels.
Times Network takes the lead with its ground-breaking innovation and disruption of a new content category. The Times Network channels, which have a global footprint in 100 countries, inform, entertain, and engage viewers of all ages with fascinating and intriguing content, news, and information.
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