Wednesday, September 28, 2022
HomeMoney SavingLiz Truss would be the subsequent Prime Minister

Liz Truss would be the subsequent Prime Minister

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Liz Truss will turn into the brand new prime minister of the UK after beating rival Rishi Sunak within the Conservative Occasion management contest. For the final six weeks, Liz and Rishi have been battling it out to turn into the following chief of the nation, with Liz Truss finally successful the title of prime minister. Ms Truss joked it had been “one of many longest job interviews in historical past”. 

Liz Truss will succeed Boris Johnson, changing into the third feminine chief of the nation. She received with 57% of the votes, beating Rishi Sunak’s 43%, a big victory margin. Nevertheless, her win by 14% is slimmer than in latest contests and polls. Ms Truss thanked her voters and her occasion, stating it was an “honour to be elected”. 

However now Liz Truss has received the race to turn into the Tory chief, which insurance policies and modifications has she promised? 

Throughout her marketing campaign, Ms Truss stated she would reverse the latest Nationwide Insurance coverage rise from April. She additionally pledged not to usher in any new taxes and to scrap the deliberate rise in company tax. The company tax was set to extend from 19% to 25% in 2023. 

Different insurance policies talked about in her management race marketing campaign included spreading the UK’s “covid debt” over an extended interval to ease the pressure on people and companies. She additionally advised making paying taxes simpler for these unable to work because of caring duties.  

She additionally stated she wouldn’t minimize public spending, except the occasion may discover a method to take action with out creating additional issues sooner or later. Moreover, she advised a goal of spending 2.5% of GDP on defence, reaching 3% by 2030. 

One other coverage mentioned throughout her marketing campaign included suspending the “inexperienced levy” – the a part of vitality payments that pays for social and inexperienced tasks. 

Liz Truss now faces a plethora of challenges and points, together with value of residing help packages and serving to the nation get via the approaching winter as vitality payments soar. 

In her successful speech, she reiterated a promise to “ship a daring plan” in slicing taxes and rising the economic system. “I’ll ship on the vitality disaster coping with folks’s vitality payments, but additionally coping with the long-term points we’ve got on vitality provide.” She stated in her victory speech. 


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