Liz Truss has been named the new Prime Minister of the United Kingdom taking over from Borris Johnson.
The 47-year-old former foreign secretary is expected to address the country from Downing Street before appointing her government.
She flew to the royal family’s Scottish home to be asked by Queen Elizabeth to form a government.
“Truss accepted Her Majesty’s offer and kissed hands upon her appointment as Prime Minister and First Lord of the Treasury,” Buckingham Palace said.
Truss received office when Britain is facing one of the most daunting sets of challenges for an incoming leader in post-war history led by soaring energy bills, a looming recession, and industrial strife.
Her plan to revive growth through tax cuts while also potentially providing around 100 billion pounds ($116 billion) for energy has rattled financial markets, prompting investors to dump the pound and government bonds in recent weeks.
She also enters the latest crisis to buffet Britain with a weaker political hand than many of her
Johnson urged the country and his warring party to unite behind the new leader.
He served as Prime Minister for three years before he bowed out.