Liz Truss succeeds Boris Johnson as the UK's next PM

Cabinet members to be confirmed

Valeria Martinez
clock • 2 min read

Liz Truss, until now foreign secretary and a former trade minister, will succeed Boris Johnson as Conservative party leader and the UK’s new prime minister, following a bitter leadership contest against former chancellor Rishi Sunak.

Truss will take office tomorrow (6 September) after the outgoing and incoming prime ministers have met with the Queen in Scotland.  While the details of Truss' plans for her Cabinet and Downing Street staff have not yet been confirmed, the three most senior ministerial roles of chancellor, home secretary and foreign secretary, appear to have been decided. Kwasi Kwarteng is set to be appointed as chancellor of the exchequer, Suella Braverman as home secretary and James Cleverly as foreign secretary, according to numerous reports.  The announcement comes almost two months after Boris...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Markets

Market Movers: Fed decision to hold rates 'inevitable'

Market Movers: Fed decision to hold rates 'inevitable'

A cut ‘would have been unwise’

Professional Adviser
clock 19 June 2025 • 1 min read
IFAs say Trump's tariffs are deterring clients from investing

IFAs say Trump's tariffs are deterring clients from investing

Advisers flag growing client caution amid 10% import duty

Isabel Baxter
clock 14 May 2025 • 2 min read
Advisers avoid 'knee-jerk' dismissal of US equities amid Trump's tariff shake-up

Advisers avoid 'knee-jerk' dismissal of US equities amid Trump's tariff shake-up

‘Although many market values have fallen, the fundamentals remain largely intact’

Isabel Baxter
clock 03 April 2025 • 5 min read