<span style="color: #222222;">Liz Truss is right-winged member of the Conservative party and MP for Southwest Norfolk. Truss is considered the economic descendant of the Iron Lady and plans to cut taxes immediately.<br />''<br />''Truss is a 46-year-old politician born in Oxford who grew up in Leeds after her father got a job as a University Mathematics professor. While studying philosophy, politics, and economics (PPE) at Oxford, Truss became the president of the Liberal Democrats society and joined the Conservatives in 1996.<br />''<br />''She will now take on Indian-origin Rishi Sunak and face the Conservative Party's around 2,00,000 members who will decide their new leader and Britain's next PM on September 5.<br />''<br />''Liz Truss is ranking first in polls so far and could leave Sunak behind to become the country's third woman premier after Margaret Thatcher and Theresa May.</span><br />