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Liz Truss after the victory: I have a bold plan to cut taxes!

Liz Truss after the victory: I have a bold plan to cut taxes!

The UK's next prime minister has promised a bold plan to cut taxes and said she will tackle high energy prices that are fueling a cost-of-living crisis in the country.

"I have a bold plan to cut taxes and grow our economy," Truss said. "I will tackle the energy crisis by dealing with people's energy bills."

Liz Truss began her victory speech by congratulating her opponent Rishi Sunak and then paid a heartfelt tribute to Boris Johnson, who she will replace as prime minister on Tuesday.

"Boris: you finished Brexit, you threw the vaccine and you stood up to Vladimir Putin. You are admired from Kiev to Carlisle. I know our beliefs resonate with the British people. I campaigned as a Conservative and I will govern as a Conservative," Truss said.