Liz Truss has presented herself as a low-tax libertarian.
Photo: Rui Vieira/Associated Press
LONDON—U.K. Foreign Secretary Liz Truss won the race to lead the ruling Conservative Party and become Britain’s next prime minister, taking the helm of a nation heading into an economic storm.
Ms. Truss, 47, will formally replace Boris Johnson as prime minister on Tuesday. In the leadership race, she touted herself as a low-tax libertarian who will shrink the British state and revitalize a moribund economy, much like the U.K.’s first female prime minister, Margaret Thatcher, did in the 1980s.
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