Liz Truss announced as UK's next prime minister as country tackles worsening cost-of-living crisis
Published Date: 9/5/2022
Source: CNBC International TV
LONDON — The next prime minister of the U.K. will be announced Monday following a grueling, and at times bitter, leadership contest within the ruling Conservative Party. The announcement is expected at 12:30 p.m. London time and will be delivered by Graham Brady, the chair of the 1922 Committee, which is a group of Conservative Members of Parliament who aren’t government ministers. The leadership election was triggered when current Prime Minister Boris Johnson announced he would be resigning on July 7. It came after a wave of ministers and backbenchers resigned, with many voicing a lack of confidence in their party leader. Johnson has stayed on as caretaker PM while the party decided between the candidates.