Sept 04,2022:In UK,the governing Conservative Party is widely expected to name Liz Truss its new leader, and Britain’s new prime minister, on Monday at a time when the country faces what is forecast to be a long recession, double-digit inflation and industrial unrest.
It is a long and costly to-do list for the incoming leader who will replace Prime Minister Boris Johnson. Truss said she would be bold in tackling the flagging economy, repeating her pledge to spur growth to fix its long list of ills.
Liz Truss said on Sunday she would set out immediate action in her first week in power to tackle rising energy bills and increase energy supplies if she is, as expected, appointed prime minister.
Writing in the Sunday Telegraph, she said she understood how challenging the cost of living crisis was for Britons and she would take “decisive action to ensure families and businesses can get through this winter and the next”.
In the Telegraph, she said her approach would be two-fold – immediate action to tackle the cost of living crisis and a plan to deliver economic growth. She would also appoint a Council of Economic Advisers to get “the best ideas” for the economy.
