Newspaper headlines: 'We can ride out the storm' and 'hello Liz'

Liz Truss speaking at a lectern outside No 10EPA
By BBC News
Staff

Liz Truss's vow that Britain can "ride out the storm" of the cost-of-living crisis headlines many of the front pages.

The Daily Mail describes how - after a torrential downpour - the skies cleared "in a moment loaded with cheering symbolism", as the new prime minister set out her pitch to the nation from Downing Street.

The paper's columnist Jan Moir says Ms Truss "strode down the wet street with a tangible air of purpose, delivered a short, no-frills speech - and even managed to throw in a reference to the soggy climate at the climax".

The Daily Express says she launched her premiership "with a blitz on the issues holding the country back".

Its political editor Sam Lister says a "no-nonsense" Liz Truss showed she "means business" with a maiden address to the nation that focused on "delivery, not rhetoric".

The Daily Telegraph leads on her assurance that financial help is coming for those struggling with bills.

The paper quotes economic forecasters saying that inflation could "halve by next summer", thanks to plans for an energy cap - although some also warn that a recession is still likely.

The Times says the markets reacted positively to the new prime minster's arrival, saying "inflation fears were downgraded".

It adds economists believe that a freeze on domestic gas and electricity prices "could curb inflation and the depth of the approaching recession".

According to the Financial Times, Ms Truss's plan for an energy bailout may amount to "the largest welfare programme in the UK's recent history".

It says the package for families and businesses could cost more than £150bn.

The i newspaper says No 10 sources have insisted that no new taxes will be needed to fund the energy package, which it puts at up to £200bn.

But the paper also carries a warning from economists - that taxpayers, or energy consumers, will ultimately need to pay for the bailout.

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The papers also highlight Liz Truss's major cabinet reshuffle, in which she has rewarded close allies and culled prominent supporters of her leadership rival, Rishi Sunak.

The Daily Telegraph applauds the new cabinet as the "most diverse" ever assembled. For the first time, "none of the great offices of state" - prime minister, chancellor, home secretary and foreign secretary - "is held by a white male", it says.

However, the Independent calls it a "cabinet of cronies" - and warns that the new prime minister's hopes of uniting the Tory Party are at risk.

The Guardian says Ms Truss rejected pleas to appoint a cabinet to bring her party together, after the "bruising" leadership contest. The paper uses the image of a storm to describe the reshuffle as "brutal".

For the Daily Mirror, the appointments will make little difference if Ms Truss fails to deliver on her promises. It sums up the story with a request: "Now fix the Britain you lot broke."

Finally, the meeting between the Queen - and the 15th prime minster of her reign - features widely.

The Sun's front page has a picture of the Queen smiling, walking stick in her left hand, greeting Liz Truss with a handshake. "Hello Liz," reads a joint speech bubble above both them.