Berliner Boersenzeitung - Liz Truss becomes new UK PM after audience with queen

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Liz Truss becomes new UK PM after audience with queen
Liz Truss becomes new UK PM after audience with queen / Photo: Jane Barlow - POOL/AFP

Liz Truss becomes new UK PM after audience with queen

Liz Truss on Tuesday officially became Britain's new prime minister, at an audience with head of state Queen Elizabeth II after the resignation of Boris Johnson.

Text size:

The former foreign secretary, 47, was seen in an official photograph shaking hands with the monarch to accept her offer to form a new government and become the 15th prime minister of her 70-year reign.

The symbolic ceremony took place at the sovereign's remote Balmoral retreat in the Scottish Highlands, as the queen, 96, was deemed unfit to return to London due to ill health.

"The queen received in audience the right honourable Elizabeth Truss MP today and requested her to form a new administration," Buckingham Palace said in a statement.

"Ms Truss accepted Her Majesty's offer and kissed hands upon her appointment as prime minister.

The last time the handover of power took place at Balmoral was in 1885, when queen Victoria was on the throne.

Normally, the outgoing and incoming prime minister meet the queen in quick succession at Buckingham Palace in central London.

It has only been held once outside London since 1952, when Winston Churchill met the new queen at Heathrow Airport after the death of her father, king George VI.

Truss, who was announced winner of an internal vote of Conservative party members on Monday, after a gruelling contest that began in July.

She is expected to make her first speech as prime minister outside 10 Downing Street at about 4:00 pm (1500 GMT) on Tuesday -- weather permitting.

Heavy rain and storms are forecast, mirroring the gloomy economic situation that she and her new senior ministers will now have to tackle.

The appointments are due to be finalised before she hosts her first cabinet meeting and faces questions in parliament on Wednesday.

Business Secretary Kwasi Kwarteng is expected to become finance minister, with Attorney General Suella Braverman moved to the tricky brief of home secretary, and James Cleverly to foreign affairs.

If confirmed, it would mean no white men in any of Britain's four main ministerial posts for the first time ever.

- To-do list -

The incoming prime minister faces a daunting to-do list, with the UK in the grip of its worst economic crisis in decades, with double-digit inflation and sky-rocketing gas and electricity bills.

Truss, who touts herself as a free-market liberal, has promised tax cuts to stimulate growth, despite warnings that greater borrowing could make inflation worse.

British media reported on Tuesday that she would freeze energy bills for hard-pressed households and business which could cost some £100 billion ($116 billion).

The contrast to her beaten leadership rival Rishi Sunak's more cautious approach has opened another rift in the Conservative party that was already divided by Johnson's departure.

Recent opinion polls suggest a sizeable chunk of the British public have no faith in her ability to tackle the cost-of-living crisis.

A new poll by YouGov said only 14 percent expect Truss -- the fourth Tory prime minister in six years -- to do a better job than Johnson.

Johnson, whose tenure was dominated by Brexit and Covid and cut short by a succession of scandals, earlier promised Truss his unswerving support as he made a farewell speech in Downing Street.

"I will be supporting Liz Truss and the new government every step of the way," he said, before leaving for Balmoral to cheers and applause from supporters.

He urged the Tories to put aside their ideological differences which have seen the party fight like cats and dogs over how best to tackle the energy crisis.

"If Dilyn (his dog) and Larry (the Downing Street cat) can put behind them their occasional difficulties then so can the Conservative party," he added.

- Comeback? -

But former newspaper polemicist Johnson failed to dampen speculation that he is eyeing a potential return to the political front line.

"Like Cincinnatus, I am returning to my plough," he said. Latin scholars were quick to point out that the Roman statesman eventually returned to politics.

Johnson, 58, remains popular among grassroots Tories as a charismatic election winner who took the country out of the European Union.

Speculation has swirled that he could bide his time for a comeback, particularly if Truss struggles to overcome the country's many problems.

In her acceptance speech on Monday, Truss ruled out seeking her own mandate from the public at an early general election, vowing victory in 2024.

(O.Joost--BBZ)