Live news: Truss discusses ‘special relationship’ with US in call with Biden

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Liz Truss speaks to supporters in Downing Street after returning from Balmoral, where Queen Elizabeth invited her to form a government © Leon Neal/Getty Images

Liz Truss pledged on Tuesday to “turn Britain into an aspiring nation”, in her first speech as Prime Minister on the steps of Downing Street.

Truss, who earlier today was formally named 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 she would focus on promoting 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 few days.

“I will cut taxes to reward hard work and spur business-led growth and investment,” she said. “We’ll put shovels in the ground to make sure people don’t face unaffordable energy bills and we’ll also make sure we build hospitals, schools, roads and broadband.”

Later this week, Truss is expected to finalize a £100billion package aimed at supporting businesses and households in the face of rising energy prices.

In August, energy regulator Ofgem announced that the energy price cap, the maximum amount set by the regulator for typical household energy consumption, would increase by 80% in October from £1,971 at £3,549 per year. According to Truss’ plans, energy bills could be capped at £2,500.

The Prime Minister also acknowledged that the UK is facing severe ‘global headwinds’ which she says were caused by Russian President Vladimir Putin’s invasion of Ukraine, alongside the aftermath of the pandemic of coronavirus. However, Truss said she remained confident the country could “ride out the storm”.

Truss also paid tribute to Boris Johnson, insisting that history would consider him ‘a hugely important prime minister’.

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