In her first Conservative Party conference speech as leader, Liz Truss is on Wednesday set to acknowledge that her plans to reshape Britain will cause “disruption” but there will be no more “drift and delay” in efforts to boost the economy.
The prime minister will defend her “new approach”, which will “unleash the full potential of our great country”.
After an about-turn over a totemic tax policy, Cabinet dissent and the threat of another major split over the level of benefits, the prime minister has a tough task to restore Tory morale.
She will tell activists in Birmingham that she hopes to create a “new Britain for a new era”, with an unashamedly pro-growth agenda — even though not everyone will be in favour of her methods.
“For too long, our economy has not grown as strongly as it should have done,” Ms Truss will say.
“For too long, the political debate has been dominated by how we distribute a limited economic pie. Instead, we need to grow the pie so that everyone gets a bigger slice.
“That is why I am determined to take a new approach and break us out of this high-tax, low-growth cycle. That is what our plan is about: getting our economy growing and rebuilding Britain through reform.”
British Prime Minister Liz Truss — in pictures
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Britain's Prime Minister Liz Truss during Prime Minister's Questions in the House of Commons in London, addressing Parliament for the first time since abandoning her disastrous tax-slashing economic policies. Here, 'The National' looks at her time in power so far. AFP -
Liz Truss speaks to Grant Shapps at Downing Street as he is appointed Home Secretary, after the resignation of Suella Braverman. Photo: Simon Dawson / No 10 Downing Street -
A mural by artist Ciaran Gallagher in Belfast is updated to reflect Liz Truss's current political troubles. PA -
Britain's new Chancellor of the Exchequer Jeremy Hunt announcing tax and spending measures at the House of Commons in London, with Liz Truss sitting on the bench behind him. AFP -
Liz Truss gives a speech after sacking Kwasi Kwarteng as chancellor of the exchequer. Reuters -
A protest by climate change group Extinction Rebellion in central London. Ms Truss has said the group is part of an 'anti-growth coalition' with trade unions and the main opposition Labour Party. AFP -
Ms Truss has come under increasing pressure during her short time as prime minister. AFP -
An Extinction Rebellion protest outside Downing Street on the day Mr Kwarteng was removed from the government. AP -
Ms Truss with members of the England women's football team and the European Championship trophy in Teddington, south-west London. Getty -
Ms Truss arrives for a meeting of the European Political Community at Prague Castle in the Czech Republic. AP -
Ms Truss and her husband Hugh O'Leary wave after her keynote speech at the Conservative Party conference in Birmingham. AP -
Liz Truss gives a speech at the Conservative Party Conference. EPA -
Ms Truss meets with Mr Kwarteng, chancellor of the exchequer at the time. Photo: Andrew Parsons / CCHQ -
Ms Truss and Mr Kwarteng visit a construction site for a medical innovation campus in Birmingham. AFP -
Ms Truss meets US President Joe Biden for talks at the UN headquarters in New York. PA -
Ms Truss delivers a speech at the 77th session of the General Assembly at the UN headquarters in New York. AP -
The British prime minister holds a bilateral meeting with Turkish President Recep Tayyip Erdogan in New York. Reuters -
Ms Truss meets French President Emmanuel Macron at the UN headquarters in New York. Reuters -
Ms Truss speaks to the media during her visit to the Empire State building in New York. AP -
Britain's new leader speaks during the state funeral of Queen Elizabeth at Westminster Abbey, London. PA -
Ms Truss and her husband Hugh O'Leary observe a minute's silence at Number 10 Downing Street following the death of the queen. Reuters -
Britain's Labour Party leader Sir Keir Starmer and Ms Truss leave after a service for the reception of Queen Elizabeth's coffin at Westminster Hall in the Palace of Westminster. AFP -
Ms Truss joins the Speaker Lindsay Hoyle and selected MPs to take the oath and swear allegiance to King Charles III in the House of Commons chamber. PA -
King Charles during his first audience with Ms Truss at Buckingham Palace, London, following the death of Queen Elizabeth. Getty Images -
Ms Truss gives a reading during a service of prayer and reflection, following the passing of Queen Elizabeth, at St Paul's Cathedral in London. Getty Images -
The British prime minister makes a statement outside 10 Downing Street in London following the queen's death. Bloomberg -
Ms Truss speaking during her first weekly Prime Minister's Questions session at the House of Commons in London. AFP -
Front pages of a selection of British national newspapers, each leading with a story about Ms Truss becoming Britain's new prime minister. AFP -
People walk past an image in central London of Ms Truss on the side of a protest bus calling for a citizens' assembly. Reuters -
Ms Truss holds her first Cabinet meeting at 10 Downing Street. Reuters -
Ms Truss speaks at Downing Street on the day she took over as prime minister from Boris Johnson. EPA -
Ms Truss poses with her husband Hugh O'Leary at Downing Street before entering as prime minister for the first time. EPA -
Ms Truss is welcomed by staff in Downing Street as she enters the famous prime ministerial offices for the first time. Andrew Parsons / No 10 Downing Street -
New Health Secretary Therese Coffey and Number 10 staff shelter from a downpour as they wait for Ms Truss to arrive in Downing Street. PA -
Liz Truss makes a speech outside 10 Downing Street, London, after meeting Queen Elizabeth II and accepting her invitation to become prime minister and form a new government. PA -
Queen Elizabeth II greets the newly elected leader of the Conservative Party, Ms Truss, at Balmoral Castle in Scotland. The queen invited Ms Truss to become prime minister and form a new government. Getty Images
Elements of Ms Truss’s plan were set out in Chancellor Kwasi Kwarteng’s mini-budget, which led to market turbulence and an eventual backtrack on the plan to scrap the 45p rate of income tax for top earners.
But she will double down on her gamble in search of economic growth, arguing that it is the best route out of the current storm.
“The scale of the challenge is immense,” she will say.
“War in Europe for the first time in a generation. A more uncertain world in the aftermath of Covid. And a global economic crisis.
“That is why in Britain we need to do things differently.
“Whenever there is change, there is disruption. Not everyone will be in favour.
“But everyone will benefit from the result — a growing economy and a better future. That is what we have a clear plan to deliver.”
Liz Truss's political career — in pictures
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New Conservative Party leader and Britain's Prime Minister-elect Liz Truss delivers a speech after being announced the winner of the Tory Party leadership contest in central London on September 5, 2022. Ms Truss is the UK's third female prime minister following Theresa May and Margaret Thatcher. AFP -
Liz Truss during a hustings event in Darlington in August 2022. Ms Truss and Rishi Sunak are awaiting the results of a poll of Conservative Party members deciding which of them has been selected as the new party leader, and next prime minister. PA -
Liz Truss playing pool during a visit to the Onside Future Youth Zone in London in August 2022. PA -
Boris Johnson and Ms Truss arriving for an extraordinary summit at Nato headquarters in Brussels, in March 2022. AFP -
Russian Foreign Minister Sergey Lavrov and Ms Truss arrive for talks in Moscow in February 2022. AP -
Ms Truss in Red Square during a visit to Moscow in February 2022. Photo: No. 10, Downing Street -
Ms Truss meeting European Commission vice-president Maros Sefcovic (not seen) for talks in central London on the Northern Ireland Protocol on 11th February 2022. PA -
Ms Truss with Marise Payne, the Australian minister of foreign affairs, at Government House in Sydney, Australia, in January 2022. Photo: No. 10, Downing Street -
Liz Truss hosts Vice President of the European Commission Maros Sefcovic at Chevening House in January 2022 to discuss the Northern Ireland protocol. Photo: No. 10, Downing Street -
Ms Truss visits British troops in Estonia as they operate alongside other Nato troops in Tapa in November 2021. Photo: No. 10, Downing Street -
Liz Truss walks through the old town in Tallinn, Estonia, in November 2021. Photo: No. 10, Downing Street -
Ms Truss greeting Ukraine's President Volodymyr Zelenskyy at the Cop26 summit in Glasgow, in November 2021. PA -
Ms Truss at the Red Fort in New Delhi during a trip to India in October 2021. Photo: No. 10, Downing Street -
The British foreign secretary on the Plaza de la Constitucion in Mexico City, during a trip to Mexico in September 2021. Photo: No. 10, Downing Street -
Queen Elizabeth II greeting Ms Truss at a reception for international business and investment leaders at Windsor Castle in October 2021. PA -
Liz Truss with Antony Blinken, the US secretary of state, in New York, in September 2021. Photo: No. 10, Downing Street -
Ms Truss on a morning jog over Brooklyn Bridge in New York in September 2021. Photo: No. 10, Downing Street -
Former Chancellor Philip Hammond, centre, holding his red ministerial box outside 11, Downing Street, flanked by Treasury colleagues Ms Truss and Mel Stride in October 2018. PA -
Ms Truss, then secretary of state for justice, being escorted around HMP Brixton by prison governor David Bamford in November 2016. PA -
Ms Truss as she became the first woman ever to hold the role of Lord Chancellor, arriving at the Royal Courts of Justice before being installed in July 2016. PA -
In April 2016, the former environment secretary Liz Truss listening to former chancellor of the exchequer George Osborne (not seen) during his speech at the National Composites Centre in Bristol. PA -
When she was environment minister, Ms Truss visited the bridge over the River Wharfe in Tadcaster, which collapsed after heavy flooding in December 2015. Getty Images -
Addressing the Conservative party conference in Birmingham in 2014 when she was secretary of state for environment, food and rural affairs. Getty Images -
Mr Truss on the Sawnnington Farm to Fork stand at the Norfolk Food Festival at the Houses Of Parliament in October 2011. PA -
Conservative Parliamentary candidate for South-West Norfolk Elizabeth Truss, while canvassing in the village of West Walton during the 2010 General Election campaign. PA -
The former Conservative Shadow Home Secretary, Dominic Grieve, centre, speaking at the launch Reform's Lawful Society report on the nature of crime and the incentives in the criminal justice system while Ms Truss looks on, in September 2008. PA -
Former Conservative Leader William Hague meeting conservative candidate for Calder valley Ms Truss, during the General Election Campaign for 2005. PA
Alongside measures to boost growth, the prime minister will insist she will keep an iron grip on the nation’s finances, with a leaner state offering value for taxpayers’ money.
“This is a great country. But I know that we can do better and we must do better,” she will say.
“We have huge talent across the country. We’re not making enough of it. To deliver this, we need to get Britain moving. We cannot have any more drift and delay at this vital time.”
Speaking on Sky News on Wednesday morning before Ms Truss's conference speech, Foreign Secretary James Cleverly dismissed concerns about her leadership
"What we are looking to do is to get growth into the economy," he said. "I am sure the prime minister is going to be making that point in her speech.
"The chancellor made that point when he spoke to conference. It’s about getting growth. When you have growth you can fund the public services. You can fund the support packages to families looking to cover their energy bills and the people that need our help."
He said what they now need to do was "lay out what we are doing, why we are doing it, why growth is so important, why we are going to give support for energy bills and tax cuts to 30 million people".
"We now need to get the conversation back on to those."
