Liz Truss announced as new leader of the Conservative party and Prime Minister

Liz Truss has been elected as the new leader of the Conservative Party and tomorrow will go to the Queen and be asked to become the new Prime Minster.

The former foreign secretary beat rival and former Chancellor Rishi Sunak to the position by a majority of  just over 21,000 votes from members of the Conservative Party.

She has pledged to unveil a vast support package to deal with surging energy costs, with her team discussing plans for a gas and electricity price freeze with industry leaders.

She has pledged to move rapidly to set out a new economic policy. and reveal her energy support package within the next week.

Responding to the announcement of Liz Truss as the new Prime Minster, Marco Forgione, Director General of the Institute of Export & International Trade, said : “On behalf of the Institute of Export & International Trade 7000 members and our wider community of over 30,000 businesses. I congratulate Liz Truss on her victory on becoming the British prime minister.

It is great to have an incoming Prime Minister with such a strong background in international trade. The progress made on Free Trade Agreements (FTAs) under her tenure as Secretary of State for International Trade was significant. That trade was also integral to the development policy she pursued as Foreign Secretary sent a strong message to the World that the UK is first and foremost a trading nation and a dedicated and committed ally.

She takes over during what is a particularly challenging and turbulent economic period. We want to see an export led recovery that ensures that UK businesses have the tools, the skills, the knowledge and the expertise to seize the opportunities that arise through international trade.

In particular we would like to see the government establish an MSME task force a micro small and medium enterprise which will look to provide immediate help and support on issues such as the rising cost of fuel and energy.

We stand ready to support her in any way that we can.”