British Prime Minister Liz Truss promises to "ride out the storm” of economic crisis.

In her first speech as the country's leader outside 10 Downing Street, hours after her official appointment by Queen Elizabeth II, Truss said she would focus on solving Britain's energy crisis, struggling economy and overburdened health care. She promised to grow the economy and make Britain a nation of aspirations, but acknowledged that the country faces serious global obstacles because of COVID-19 and the war in Ukraine, the AP reported. https://apnews.com/

Britain is experiencing its worst cost-of-living crisis in decades, with inflation exceeding 10 percent and energy bills soaring for both businesses and households.

Truss became prime minister after winning the Conservative Party leadership election on Monday. She will succeed Boris Johnson as leader of both the party and the country.

Truss, who refused to outline her energy strategy during a two-month election campaign, now plans to cap energy bills, costing taxpayers 100 billion pounds. She is expected to unveil her plan on Thursday.

Truss, 47, took office Tuesday afternoon at Balmoral Castle in Scotland when Queen Elizabeth II formally asked her to form a new government in a carefully staged ceremony dictated by centuries of tradition. Johnson, who had announced his intention to resign two months earlier, formally resigned during his own audience with the queen shortly before.

For the first time in the queen's 70-year reign, the transfer of power took place in Balmoral rather than at Buckingham Palace in London. The ceremony was moved to Scotland because the 96-year-old queen had difficulty getting around.

As party leader, Truss automatically became prime minister without the need for a general election because the Conservatives still have a majority in the House of Commons.

But as national leader, elected by less than 0.5% of British adults, Truss is under pressure to demonstrate his quick results.

Ed Davie, leader of the opposition Liberal Democrats, on Tuesday called for an early election in October, something Truss and the Conservative Party are unlikely to do as Tory ratings plummet in the polls.