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After two months of campaigning and an internal party vote, Liz Truss has been announced as the new leader of Britain’s Conservative Party.

With the party leadership in her pocket, Truss is also set to become the next prime minister.

The former foreign secretary’s victory was announced on Monday after she beat former Chancellor of the Exchequer Rishi Sunak.

Truss managed to defeat Sunak by 81 326 votes to 60 399 and will now become Britain’s third female prime minister.

She will take over from Boris Johnson who quit in July but carried on with official duties in the interim.

Although Truss has officially won the leadership of her party and therefore the position as prime minister, she could only take power on Tuesday after visiting Queen Elizabeth II in Scotland at her castle.

The reason for her visit is to get the Queen’s nod and formal appointment.

Johnson also has to meet with the Queen to finalise his leadership role.

Before appointing members of her cabinet, Truss is expected to return to Number 10 Downing Street to address the nation for the first time as prime minister.

Moneyweb has reported that Truss has already vowed to help Britons by scrapping a 1.25 percentage point uplift in National Insurance, a payroll tax, and slashing green levies from energy bills, saving an annual 150 pounds per household.

Image credit: CNN

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