At this moment, the United Kingdom (UK) Foreign Minister, Liz Truss, is the main candidate who will assume the position of Prime Minister to replace Boris Johnson who resigned.
If it is true that Truss replaces Johnson, then he will not only become the 4th Prime Minister from the Conservative Party and successfully defeat his rival, Finance Minister Rishi Sunak, but a big economic challenge awaits.
It is understood that the main task of the new UK Prime Minister is to solve the cost of living crisis which is flanked by industrial unrest and the threat of economic recession.
Pleased to note that the UK inflation rate has now reached double digits, 10.1% during July from 9.4% in the previous month, the highest since February 1982.
Unveiling the manifesto that Truss fought for, he promised to take proactive steps in dealing with the cost of living crisis by implementing a plan to solve the issue of energy bills and electricity supply.
He also said during his leadership campaign to cancel the taxes that economists projected as driving inflation.
In the meantime, the official decision whether Truss really takes the reins from Johnson or Sunak who will make a surprise will be known tonight local time.
