After being requested by King Charles III to form a cabinet, Sunak is now the 57th prime minister of the UK. He will take office as the youngest prime minister in the last 200 years. He is this year’s third prime minister.
A statement from Sunak will follow shortly after he enters 10 Downing Street.
After being forced to resign after only 45 days in office, former Prime Minister Liz Truss has officially broken the record for the shortest-serving PM in UK history.
Less than two months after losing the fight for the Conservative Party leadership to Liz Truss, former UK Chancellor of the Exchequer Rishi Sunak assumed the position on Monday. Truss’s departure brought about Sunak’s change of course following high-profile dismissals and resignations in her Cabinet as a result of a harshly criticised mini-budget that sent the value of the British pound plummeting.
The Tory leadership crisis that ensued after Boris Johnson’s departure in July, followed by a slew of cabinet resignations in protest of his scandal-ridden leadership, prepared the way for Truss’ climb to power.
In a brief parting speech yesterday, she defended her record of attempting to push through tax cuts and argued that leaders needed to be courageous.
Truss said she demanded tax cuts and economic development “We must utilise our post-Brexit freedoms to change things around. This entails granting our own folks more freedom and giving our democratic institutions more authority.”
“It entails fewer taxes, allowing people to keep more of their income. Delivering growth that will increase job stability, salaries, and possibilities for our children and grandkids is also necessary “Added she.
According to Truss, her administration took “urgent and decisive action” to support devoted families.
She claimed to have restored energy independence so that we are “no longer dependent on harmful foreign powers” and to have assisted thousands of enterprises in avoiding bankruptcy.
After winning the Tory leadership election brought on by Truss’ resignation, Sunak will become the third leader of the UK in the past seven weeks.
He issued a warning after being chosen by Tory MPs on Monday, stating that the nation was facing a “deep economic problem.”
Despite requests from Labour, the Scottish National Party, the Liberal Democrats, and the Green Party, Sunak rejected holding an early general election.