Liz Truss pledged on Tuesday to “transform Britain into an aspiration nation”, in her first speech as prime minister on the steps of Downing Street.
Truss, who earlier in the day was formally appointed as the UK’s 56th prime minister at the Queen’s summer residence at Balmoral Castle in Aberdeenshire, outlined her three key priorities as prime minister.
Speaking outside Number 10, Truss said that her focus would be on encouraging economic growth, tackling the energy crisis and improving the delivery of NHS services. She pledged to start with an announcement on the energy crisis over the next couple of days.
“I will cut taxes to reward hard work and boost business-led growth and investment,” she said. “We will get spades in the ground to make sure people are not facing unaffordable energy bills and we will also make sure that we are building hospitals, schools, roads and broadband.”
Later this week, Truss is expected to finalise a £100bn package aimed at supporting businesses and households in the face of rising energy prices.
In August, energy regulator Ofgem announced the energy price cap, the maximum amount set by the regulator for typical household energy use, would increase by 80 per cent in October from £1,971 to £3,549 per year. Under Truss’s plans, energy bills could be capped at £2,500.
The prime minister also acknowledged that the UK was facing severe “global headwinds” that she said had been caused by Russian president Vladimir Putin’s invasion of Ukraine, alongside the aftermath of the coronavirus pandemic. However, Truss said that she remained confident that the country could “ride out the storm”.
Truss also paid tribute to Boris Johnson, insisting that history would regard him “as a hugely consequential prime minister”.