“I am confident that, together, we can ride out the storm and rebuild our economy to become the modern, brilliant Britain I know we can be,” declared Liz Truss this afternoon in her first address to the nation from her new Downing Street home.

Truss has now taken the reins of power from Boris Johnson, after being formally appointed as Britain’s 56th Prime Minister by the Queen at Balmoral Castle at lunchtime, before swiftly return to Westminster.

The incoming PM opened her speech by paying tribute to her predecessor: ”History will see him as a hugely consequential prime minister,” she insisted.

She acknowledged that she is taking office at a troubling time – “We now face the global headwinds caused by the war in Ukraine and Covid” – but added, “I am determined to deliver.”