In contrast to what many pundits predicted, the result was close, with Truss winning by 81,326 votes to 60,399. She’s vowed to press ahead with promises of tax cuts, economic growth and dealing with the growing energy crisis.

"I will deliver a bold plan to cut taxes and grow our economy," Liz Truss said once the result was announced. "I will deliver on the energy crisis, dealing with people's energy bills, but also dealing with the long-term issues we have on energy supply."

With the cost-of-living crisis, industrial unrest, a recession and the war in Ukraine, Truss is faced with a lot of immediate pressure but remains confident and promises that she would win a great victory for her party in the next elections in 2024.

Truss succeeds Boris Johnson after his resignation in July. Both will meet Queen Elizabeth in Balmoral in Scotland on Tuesday so Truss can officially be asked to form a new government by the monarch.