Liz Truss vowed to be 'bold' in cutting taxes and reviving the economy after defeating Rishi Sunak in the Tory leadership contest today.
Ms Truss takes the helm of a country in the grip of a cost-of-living crisis after seeing off the former chancellor's challenge with support from 81,326 party members, compared to Mr Sunak's 60,399.
The 57 per cent to 43 per cent result - closer than some had expected - was announced by 1922 committee chair Sir Graham Brady in a glitzy ceremony at the QE2 Centre in Westminster.
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