Liz Truss succeeds Boris Johnson as the UK's next PM

Cabinet members to be confirmed

Valeria Martinez
clock • 2 min read

Liz Truss, until now foreign secretary and a former trade minister, will succeed Boris Johnson as Conservative party leader and the UK’s new prime minister, following a bitter leadership contest against former chancellor Rishi Sunak.

She will take office on Tuesday (6 September) after the outgoing and incoming prime ministers have met with Queen Elizabeth II at her castle in Balmoral, Scotland.  While the details of Truss's plans for her Cabinet and Downing Street staff have not yet been confirmed, the three most senior ministerial roles of chancellor, home secretary and foreign secretary, appear to have been decided. Kwasi Kwarteng is set to be appointed as Chancellor of the Exchequer, Suella Braverman as home secretary and James Cleverly as foreign secretary, according to numerous reports.  Truss vs Sunak: Ne...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Bank of England rate setter Ramsden warns of 'concerning developments' in UK labour market
UK

Bank of England rate setter Ramsden warns of 'concerning developments' in UK labour market

'Increased uncertainty' of inflation

Linus Uhlig
clock 28 February 2025 • 2 min read
Trump signals 25% tariffs on EU coming 'very soon'
UK

Trump signals 25% tariffs on EU coming 'very soon'

During first cabinet meeting

Cristian Angeloni
clock 27 February 2025 • 2 min read
UK companies to benefit from Starmer's increased defence spending
UK

UK companies to benefit from Starmer's increased defence spending

BAE Systems the ‘obvious example’

Sorin Dojan
clock 26 February 2025 • 3 min read
Trustpilot