Five major challenges Truss faces as UK PM

The Conservative Party election has been proclaimed Liz Truss the winner, and she took over for Boris Johnson as prime minister of the United Kingdom. But given the country's cost of living issue, it won't be an easy feat. As UK PM, she must address the following major issues:

Employees on strike

Thousands of workers in the legal profession, the postal service, railroads, ports, and garbage collection are striking in protest of the rising cost of living. Inflation in the United Kingdom has exceeded 10 percent for the first time in forty years.

Impact of Brexit

Since the UK decided to exit the European Union, finding workers to fill unfilled positions has proven to be challenge for British government. Trade is also being impacted by Brexit, particularly with the European Union, which is the UK's top trading partner.

Food, energy costs rising

Inflation in Britain is currently in the double digits. According to CNN, the cost of food and energy is continuing to grow by thousands of pounds. From October, the average UK household's energy costs will be 3,549 pounds.

Recession fears

According to the Bank of England, the increase in natural gas prices would push October's inflation rate to 13.3 percent. It also stated that the UK will experience a recession later this year as a result of inflation.  

Energy crisis deepens

According to Britain's energy authority, annual home energy costs would increase by 80 percent for Britons. An average UK resident's annual energy prices will rise from 1,971 pounds to 3,549 pounds. Notably, the gas provider price ceiling will go into force on October 1. Here, it is important to note that the price cap is the most that gas suppliers may charge customers for a unit of energy. In January, it is anticipated that energy costs would rise once more to 4,000 pounds.