In a statement by UK's Queen Elizabeth II on Liz Truss' new cabinet formation announced that she is "pleased to approve the following appointments: The Rt Hon Kwasi Kwarteng MP as Chancellor of the Exchequer, The Rt Hon James Cleverly MP as Secretary of State for Foreign, Commonwealth and Development Affairs, … The Rt Hon Ben Wallace MP has been re-appointed as Secretary of State for Defence, The Rt Hon Brandon Lewis CBE MP as Lord Chancellor, and Secretary of State for Justice."

Nadhim Zahawi was appointed as Chancellor of the Duchy of Lancaster, Minister for Intergovernmental Relations and Minister for Equalities, Michelle Donelan as Secretary of State for Digital, Culture, Media and Sport, and Chris Heaton-Harris as Secretary of State for Northern Ireland.

These appointments also come after British Home Secretary Priti Patel and Culture Minister Nadine Dorries announced that they were stepping down ahead of the cabinet reshuffle due to incoming UK Prime Minister Liz Truss taking the country's reigns.

Truss had stated her intent to appoint a strong cabinet, intending to work hard to bring over some lawmakers in her party who had backed Sunak in the race.

On Tuesday, Truss became the new Tory head and UK Prime Minister, succeeding Boris Johnson, who announced his resignation on July 7 following a series of scandals.

By replacing former PM Boris Johnson, Truss becomes the Tories' fourth prime minister since the 2015 election, at a time when the country faces a cost of living crisis, industrial unrest, and a recession with sky-rocketing inflation which hit 10.1% in July.

Additionally, she not only promised to act quickly to tackle Britain's cost of living crisis, but a campaign insider also confirmed Monday that upon winning the election, the Tory leader plans to freeze the energy bills to relieve British households from the economic burdens, even indicating during her campaign the plan to scrap tax increases and cut other levies in a move some economists say would fuel inflation.