BREAKING: Liz Truss wins Tory Prime Minister vote

Liz Truss vowed to be ‘bold’ in cutting taxes and reviving the economy after defeating Rishi Sunak in the Tory leadership contest today.

Ms Truss takes the helm of a country in the grip of a cost-of-living crisis after seeing off the former chancellor’s challenge with support from 81,326 party members, compared to Mr Sunak’s 60,399.

The 57 per cent to 43 per cent result – closer than some had expected – was announced by 1922 committee chair Sir Graham Brady in a glitzy ceremony at the QE2 Centre in Westminster.