Liz Truss set to become new UK Conservative prime minister

British lawmaker Liz Truss speaks after winning the Conservative Party leadership contest at the Queen Elizabeth II Centre in London, Monday, Sept. 5, 2022. Liz Truss will become Britain's new Prime Minister after an audience with Britain's Queen Elizabeth II on Tuesday Sept. 6. (AP Photo/Alberto Pezzali)

Liz Truss has been elected as the Conservative Party’s new leader, the party announced Monday, and she will take office Tuesday as Britain’s new prime minister to steer the country through an acute cost-of-living crisis.

The 47-year-old Truss, who is currently foreign secretary, beat former Treasury chief Rishi Sunak after a leadership contest in which only about 170,000 dues-paying members of the Conservative Party were allowed to vote. Truss received 81,326 votes, compared with Sunak’s 60,399.

She faces immediate pressure to deliver on her promises to tackle the cost-of-living crisis walloping the U.K. and an economy heading into a potentially lengthy recession.