It proposed a $130 billion plan to stabilize electricity bills

Liz Truss takes over as UK Prime Minister after Johnson resigns

  • Queen Elizabeth greets Liz Terrace yesterday.

    Reuters

  • Johnson as he leaves his Downing Street headquarters.

    EPA

  • Liz Terrace as she enters to meet Queen Elizabeth.

    EPA

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Buckingham Palace announced in a statement yesterday that Queen Elizabeth appointed Liz Terrass as Britain's Prime Minister during a meeting at Balmoral Castle in Scotland, after the Queen accepted the resignation of Boris Johnson from the position, and Terrace proposed a plan worth 130 billion pounds to stabilize electricity bills for British families.

The statement said the Queen had received Member of Parliament Liz Terrace and asked her to form a new government, and Terrace had accepted the Queen's offer.

Royal officials published pictures showing the Queen and Terrace shaking hands during a session formalizing Terrace's appointment, after Boris Johnson submitted his resignation earlier yesterday.

Terrace will be the fourth Conservative prime minister in six years.

She took charge with weaker political support than many of her predecessors, having defeated rival Rishi Sunak in a party vote by a smaller than expected margin of victory, and was not initially the party's lawmakers' first choice.

47-year-old Liz Truss has the responsibility to run Britain's affairs amid a looming recession and an energy crisis that threatens the finances of millions of British families and businesses.

Trace promised to take "bold measures" to get the country to safety, including cutting taxes, despite warnings that it could exacerbate Britain's inflation rate, which has already reached 10.1%, the highest level among major economies.

Liz Truss has proposed plans to keep the value of annual electricity and natural gas bills for the average British household at the current level of less than 1971 pounds ($2,300) a year.

And “Bloomberg” news agency quoted British officials and advisers to the Trust as saying that it had discussed with its team of assistants and government officials in recent days the development of a mechanism to prevent large increases in the value of annual electricity and natural gas bills for British families, starting from the first of next October, as is expected in light of the price system. Present.

According to documents seen by Bloomberg News, the plan could cost about 130 billion pounds over 18 months.

Prior to the statement appointing Liz Terrass as British Prime Minister, Buckingham Palace had issued an earlier statement announcing that Queen Elizabeth had accepted Boris Johnson's resignation from the position, and Johnson, who was forced out of the Conservative Party, urged the country to unite and support his successor.

After a farewell address outside his official residence in Downing Street, Johnson left London for Scotland, where he tendered his resignation to Queen Elizabeth.

"What I'm saying to my Conservative colleagues is, it's time to end the political bickering," Johnson said in his speech. "It's time for all of us to stand behind Liz Truss, her team, and her platform."

Johnson, who has struggled to stay in office, used his departure speech to brag about his successes, including launching an early vaccination program during the COVID-19 pandemic and his support for Ukraine.

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