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Liz Truss Faces Epic Economic Challenges

High energy costs, a labor shortage, and declining production are significant challenges she faces.

New Conservative Party leader and incoming prime minister Liz Truss smiles and waves as she arrives at Conservative Party Headquarters in central London having been announced the winner of the Conservative Party leadership contest at an event in central London on September 5, 2022. - Truss is the UK's third female prime minister following Theresa May and Margaret Thatcher. The 47-year-old has consistently enjoyed overwhelming support over 42-year-old Sunak in polling of the estimated 200,000 Tory members who were eligible to vote. (Photo by DANIEL LEAL/AFP via Getty Images)

Liz Truss succeeds Boris Johnson as the fifteenth prime minister of Britain under Queen Elizabeth. She did not win a general election but won the leadership of the Conservative Party, implying that she has a tough road ahead, keeping both her party and the people happy.

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TIPP Indexes Methodology

TIPP Indexes Methodology

The RealClearMarkets/TIPP Economic Optimism Index is the earliest take on consumer confidence each month and predicts with high reliability monthly changes in sentiment in well-known polls by The Conference Board and the University of Michigan. Began in February 2001, the Indices were developed by TIPP for its media partners

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