Liz Truss wins leadership battle to become new British prime minister

Described by allies as likely to be a 'very sad' occasion for the outgoing prime minister, Britain's Queen Elizabeth will receive Mr Johnson on Tuesday, where he will formally tender his resignation.

Liz Truss has emerged victorious in the race for leadership of the Tory party. Victoria Jones/PA Wire

Liz Truss promised a “bold plan” to cut taxes, deal with the energy crisis and deliver a Tory victory in 2024 as she prepares to take office as the next British prime minister.

She defeated rival Rishi Sunak by 81,326 votes to 60,399 to win the Tory leadership, and will replace Boris Johnson in No 10 on Tuesday.