Therese Coffey - Health Secretary / Deputy Prime Minister Here we look at who is who in the new administration: The total cost is hard to estimate as it depends on international gas prices, but could be well over £100billion - with some experts believed it will reach £150billion. However, it is now expected to be added to government borrowing - with the markets already upping interest costs as a result. There had been speculation that the policy would be added to future bills. That would leave the level around the same as the £1,900 existing cap, and a thousand pounds below the figure it was due to hit next month.
She is expected to cap the typical household bill at £2,500 a year - with costs further offset by keeping the £400 handout that had already been committed. The new premier has little time to celebrate as she rushes to finalise plans for curbing soaring energy bills. 'I set out Prime Minister new, pro-growth economic approach, including immediate support for families and businesses to tackle the cost of living and a commitment to fiscal sustainability.' He tweeted a photo of himself with the group, writing: 'Great to meet market & City leaders this morning. New Chancellor Mr Kwarteng said he set out Liz Truss's 'new, pro-growth economic approach' in a meeting with the bosses of major banks.įresh support could be announced as soon as Thursday. Her press secretary insisted the changes would 'unify' the Tory party, pointing to senior roles for five leadership rivals, Penny Mordaunt, Tom Tugendhat, Braverman, Badenoch and Nadhim Zahawi. Penny Mordaunt, who came close to blocking Ms Truss's run for power, becomes Leader of the Commons, while Chief Secretary to the Treasury Simon Clarke is Levelling Up Secretary. Nadhim Zahawi, who ran to be leader before supporting Truss, was demoted from Chancellor but remains in the Cabinet as Chancellor of the Duchy of Lancaster and Equalities Minister, while Alok Sharma was re-appointed as Cop26 president. Tory chairman Andrew Stephenson and levelling up secretary Greg Clark, who all stayed neutral, also declared they were leaving their posts. Kemi Badenoch was rewarded for a strong leadership bid as she is named Trade Secretary, while Kit Malthouse has become Education Secretary. New Environment Secretary Ranil Jayawardena described the first Cabinet meeting as 'very positive' when journalists asked him how it went.Īlongside making more appointments, Ms Truss is bracing for her first showdown with Sir Keir in the Commons.Įlsewhere, Wendy Morton has been installed as the Tories' first female chief whip, in charge of parliamentary party discipline.īen Wallace remains Defence Secretary after backing her campaign and Brandon Lewis is made Justice Secretary, while Boris Johnson loyalist Jacob Rees Mogg is business secretary. The wife of ousted veterans minister Johnny Mercer branded Ms Truss an 'imbecile' after he said he had been 'relieved of duty'. In what has been taken as a thinly-veiled warning, Mr Shapps has promised to be a 'strong independent voice' outside of government. However, the scale of the bloodletting has caused alarm in some quarters, with many big beasts now outside the tent. 'She is focused on a government of all the talents,' Ms Coffey said.ĭominic Raab, Grant Shapps, Steve Barclay, George Eustice and Shailesh Vara were among the allies of the former Chancellor to be exiled to the backbenches. The new deputy PM and Health Secretary Therese Coffey dismissed the concerns as she toured broadcast studios this morning, saying the Cabinet is 'diverse' and includes 'all the talents'. Overall it is a Cabinet short on lengthy ministerial experience - apart from the Prime Minister herself. Kwasi Kwarteng, whose parents came from Ghana has been confirmed as Chancellor, James Cleverly, whose mother was Sierra Leonean is Foreign Secretary, while Suella Braverman, whose parents were from Goa, takes the other Great Office of State as Home Secretary. Her new look administration boasts plummy Old Etonians, a few state-educated ministers, ex-soldiers, and an absence of white men in the Great Offices of State for the first time ever.
Liz Truss gathered her Cabinet 'of all the talents' for the first time as PM today, packing her top team with loyalists and purging almost all remaining supporters of Rishi Sunak.
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