Rishi Sunak on Tuesday became Britain’s third prime minister this year due to political instability. He vowed to overcome the economic crisis provoked due to Liz Truss’s calamitous 49-day tenure. In his first order of business, Sunak retained Jeremy Hunt as chancellor of the exchequer.\ he said that he will try his level best to keep financial markets on the side after Truss’s budget plans shocked investors throughout the country. Sunak, who happens to be a practicing Hindu who at 42 is Britain’s youngest leader since 1812, became the ruling Conservatives’ new leader on Monday after coming on the top of the voting. He has a prior stint as chancellor under his belt. Addressing the nation in Downing Street Tuesday shortly after his appointment by King Charles III, Sunak said that the country is in a state of turmoil and facing tough economic conditions. He further added that I will unite our country — not with words, but with action, capping the latest extraordinary twist in UK politics following Boris Johnson’s sad demise this July.
Departing shortly before, Truss wished him every success as PM and said she remained “more convinced than ever that we as a nation need to be bold in our decision-making. Sunak countered that though she was motivated by a well-intentioned desire of trying to start exponential growth, her tax-cutting measures were grave mistakes that cost the UK greatly. He said that I have been elected as leader of my party and your prime minister in part to fix them so that work begins immediately. He said that he will place economic stability and confidence as a core and guiding principle of the government’s agenda. He also promised that the Pound will gain its lost power in the international markets.
Sunak’s appointment followed rival contender Penny Mordaunt’s failure to secure enough nominations from Tory MPs who couldn’t secure the required votes, and Johnson dramatically aborted a comeback attempt late on Sunday.
Breaking his silence, Johnson offered all his good wishes and support even citing the fact that he privately blamed his ex-minister for conspiring to topple him in July.
Sunak returned the favor and in turn, praised Johnson and vowed to build on the election-winning promises that earned the Conservatives a big victory in 2019, despite their dismal standing in polling today against the opposition Labor party and surveys showing promising signs for the Labor party.
But Sunak also issued a coded reminder of the many scandals that brought Johnson down, vowing his premiership would prevent any such scandals from happening again and that integrity will be the main guiding principle of his government”.Sunak also retained Ben Wallace in the defense brief.
In his Downing Street speech, Sunak pledged unstinting support for Ukraine even while warning that difficult budgets may follow suit. US President Joe Biden tweeted and called the appointment of the first British-Indian prime minister “groundbreaking”. He said that this was an outstanding achievement by Sunak. The US President said that together, I look forward to enhancing our cooperation on issues critical to global security and prosperity. He also said that the newly formed UK PM will continue our strong support for Ukraine. He used Twitter to put forward his congratulations.