New Prime Minister announcement LATEST: Liz Truss favourite to replace Boris Johnson as she clashes with Rishi Sunak

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THE Votes are in and Britain’s next PM will be revealed TOMORROW, with Liz Truss & Rishi Sunak vying for the coveted Tory leadership.

Both Liz Truss and Rishi Sunak will be hoping to replace Boris Johnson at 10 Downing Street on Monday, but as things stand, Liz Truss is clear ahead in the polls.

The results of the Conservative Party leadership contest will be announced at 11:30am on Monday, September 5.

Both candidates have promised drastic action to solve the UK’s current cost of living crisis, with Truss committing to tax breaks for working Brits across the country.

Speaking to BBC’s Sunday with Laura Kuenssberg show, Ms Truss said: “I think we face some very, very serious challenges. We face very, very serious challenges, which will take immediate action from the Government.”

Pressed on what action she will take, Ms Truss said she would act within one week.

She said: “If I’m elected as prime minister, within one week I will make sure there is an announcement on how we are going to deal with the issue of energy bills and of long-term supply to put this country on the right footing for winter.

“What I want to reassure people is I will act, if elected as prime minister, within one week.”

Mr Sunak, on the other hand, has positioned himself as the financially conscious candidate, not promising to offer drastic tax cuts.

Speaking on the cost of living crisis, he said: “This winter is going to be extremely tough for families up and down the country, and there is no doubt in my mind that more support will be needed . . . bills are going up by more than anyone expected and the next government will need to act.”

The former Chancellor also promised to keep borrowing to a minimum.

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