Yesterday legally the United Kingdom (UK) saw Liz Truss win the vote of Conservative Party members with 81,326 support over Rishi Sunak on 60,399 support.
But not yet officially ascended as Prime Minister of the UK, Truss has caused chaos with his action plan which is quite contradictory to the Bank of England's (BOE) plan in controlling inflation.
Translated by economists as 'Trussonomic', Truss's action plan not only involves giving large energy subsidies but he also plans to reduce taxes.
In his speech to win the support of the party he represented, Truss vowed to implement a tax reduction plan and expand the economy within 2 years in addition to trying to deal with the people's energy bills due to energy supply issues.
It may sound like a normal manifesto but the plan is quite at odds with the BOE's monetary policy and could trigger a trade war with the European Union (EU).
However, Truss's challenge as soon as he assumes the role of Prime Minister is to resolve the crisis of rising energy prices, which is under pressure from inflation and interest rates, including the possibility of a recession.
Back to the original news, Truss will meet Queen Elizabeth today along with former Prime Minister Boris Johnson.
Johnson will hand in his resignation while Truss will seek the Queen's consent to form a new government.
