Boris Johnson's successor as UK prime minister will be revealed later when either Liz Truss or Rishi Sunak is named next Conservative leader. 

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The winner of the leadership contest, tipped by pollsters to be Ms Truss, will be announced at 12:30 BST before entering office on Tuesday. 

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The new PM will inherit a flagging economy, with inflation at a 40-year high and soaring energy bills. 

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Ms Truss has promised to "act immediately" to help with energy costs. 

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Unveiling details of a support package will be one of her first acts as prime minister, with an announcement pencilled in for Thursday. 

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Energy industry sources expect the incoming government to freeze energy prices, a possible move not denied by Ms Truss's team.

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According to BBC political editor Chris Mason, Ms Truss has been working on her energy package for weeks, based on discussion with oil and gas producers. 

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She also plans to deliver £30bn in tax cuts through an emergency Budget later this month, arguing the UK's tax burden is behind sluggish growth. 

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Ms Truss's expected chancellor, Kwasi Kwarteng, has argued her tax-cutting agenda will boost business investment and economic growth. 

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