Liz Truss is the United Kingdom’s Prime Minister after traveling to meet Queen Elizabeth at her Scottish residence Balmoral before appointing a new cabinet.

Liz Truss has become the new UK prime minister after the Conservative leadership contest to replace Boris Johnson confirmed her as his successor on Monday (5 September), against the backdrop of growing political and economic problems.

Liz Truss’s path to becoming the new leader of the Conservative Party — and as a result, the UK’s new prime minister — turned into a coronation in the end.

She is certainly no stranger to making farcical appearances: At the Conservative Party Conference in 2014, Liz Truss, speaking as secretary of state for environment, food and rural affairs, addressed the quality of British food, and went into raptures over British wheat and the sale of Yorkshire Tea to China.

…UK Brexit opportunities minister Jacob Rees-Mogg has written to Starling Bank to ask how it plans to recover loans that may have been fraudulently…

…Economists say a loosening of fiscal policy could alleviate the recession that is forecast by the Bank of England and many City economists to begin later this year….

…“To remain competitive and continue to offer benefits of electronic payments to consumers, Mastercard must be able to attract issuing and acquiring banks to the scheme,” she wrote….

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