Liz Truss pledges to rescue Britain 'from the storm' in first speech as prime minister


Damien McElroy
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Liz Truss assumed the role of the UK's prime minister on Tuesday, addressing the public in a first address in Downing Street and looking to restore a sense of purpose to a country grappling with the international energy crisis.

“We shouldn't be daunted by the challenges we face — as strong as the storm may be I know that the British people are stronger,” she declared.

The new government is expected to restore the Middle East and North Africa position in the Foreign Office, announcing a new minister to cover the region in the coming days. Backing to restore the post came from the likely new foreign secretary, who held the regional job before it was divided between three ministers.

Diplomats from the region have been unhappy with the new set up, believing that it meant Britain’s attention was not focused on key regional issues.

Ms Truss made her first address to the nation as prime minister after she flew from Scotland following an audience with the Queen at Balmoral, which saw her take over from Boris Johnson as prime minister.

“Now is the time to tackle the issues that are holding Britain back,” she went on. “We need to build roads, homes and broadband faster. We need more investment and great jobs in every town and city across our country. We need to reduce the burden on families and help people get on in life. I know that we have what it takes to tackle those challenges.

“I will take action this day and action every day to make it happen. I will take action this week to deal with energy bills and to secure our future energy supply.”

She added: “As prime minister, I will pursue three early priorities. Firstly, I will get Britain working again. I have a bold plan to grow the economy through tax cuts and reform.

“I look forward to deepening the special relationship between our countries and working in close co-operation on global challenges, including continued support for Ukraine as it defends itself against Russian aggression.”
Joe Biden

“I will cut taxes to reward hard work and boost business-led growth and investment. I will drive reform in my mission to get the United Kingdom working, building and growing.

“We will get spades in the ground to make sure people are not facing unaffordable energy bills and we will also make sure that we are building hospitals, schools, roads and broadband”.

The other priorities were the war in Ukraine and problems facing the National Health Service.

Cabinet changes

In a first, the cabinet is not likely to include any white men in the great offices of state, with the appointments of Kwasi Kwarteng as chancellor, Suella Braverman as home secretary and James Cleverly as foreign secretary.

The first order of business is to sign off on details of an energy bailout plan. Her “do what it takes” plan is expected to cost more than £100 billion ($114.9bn). The details emerging were based on the current £1,971 energy price cap plus the £400 universal handout announced under Mr Johnson’s government months ago.

Help is also expected for business customers struggling with soaring bills which are not covered by the existing energy price cap.

Expectations of a build-up of debt pushed up benchmark borrowing costs to their highest level in more than 11 years.

In his farewell speech before leaving office, Mr Johnson called for politics to be put aside and his successor given a chance. “I know that Liz Truss and this compassionate Conservative government will do everything we can to get people through this crisis and this country will endure it and we will win,” he said.

Ms Truss hopes that a low-tax economy will help to improve the government’s fortunes. “What I am about is about growing the economy and growing the economy benefits for everybody,” she declared during the campaign.

Reaction to the new prime minister's appointment

Ukrainian President Volodymyr Zelenskyy said he has invited Liz Truss to Ukraine after becoming the first foreign leader to hold a call with the new prime minister.

New polling from YouGov gave the opposition Labour party a 15 point lead on Tuesday, with the Conservatives on 28 per cent (down 3 points from August 23-24) and Labour on 43 per cent (up 4 points).

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The biog

Age: 23

Occupation: Founder of the Studio, formerly an analyst at Cleveland Clinic Abu Dhabi

Education: Bachelor of science in industrial engineering

Favourite hobby: playing the piano

Favourite quote: "There is a key to every door and a dawn to every dark night"

Family: Married and with a daughter

While you're here
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The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
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  • Mortgages with better interest rates, faster approval times and reduced fees
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6.30pm Handicap (TB) US$65,000 (Dirt) 1,400m

Winner Golden Goal, Pat Dobbs (jockey), Doug Watson (trainer)

7.05pm Dubai Racing Club Classic Listed Handicap (TB) $88,000 (Turf) 2,410m

Winner: Walton Street, William Buick, Charlie Appleby.

7.40pm Dubai Stakes Group 3 (TB) $130,000 (D) 1,200m

Winner Switzerland, Tadhg O’Shea, Satish Seemar

8.15pm Singspiel Stakes Group 3 (TB) $163,000 (T) 1,800m

Winner Lord Giltters, Adrie de Vries, David O’Meara

8.50pm Al Maktoum Challenge Round-1 (TB) $228,000 (D) 1,600m

Winner Military Law, Antonio Fresu, Musabah Al Muhairi.

9.25pm Al Fahidi Fort Group 2 (TB) $163,000 (T) 1,400m

Winner Land Of Legends, Frankie Dettori, Saeed bin Suroor

10pm Dubai Dash Listed Handicap (TB) $88,000 (T) 1,000m

Winner Equilateral, Frankie Dettori, Charles Hills.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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War and the virus
Brief scoreline:

Liverpool 2

Keita 5', Firmino 26'

Porto 0

MATCH INFO

Fixture: Ukraine v Portugal, Monday, 10.45pm (UAE)

TV: BeIN Sports

Scoreline

Swansea 2

Grimes 20' (pen), Celina, 29'

Man City 3

Silva 69', Nordfeldt 78' (og), Aguero 88'

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The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

'Project Power'

Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback

Director: ​Henry Joost and Ariel Schulman

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'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

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Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

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  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
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  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Updated: September 07, 2022, 12:20 PM`