Britain’s new Prime Minister Rishi Sunak has vowed to fix the “mistakes” by his predecessor Liz Truss and to rebuild economic stability and confidence.
Sunak, 42, became the youngest prime minister for more than 200 years after being appointed by King Charles III at the Buckingham Palace on Oct. 25.
Speaking on the steps of Downing Street, the new prime minister said the UK is facing a “profound economic crisis” caused by the aftermath of the COVID-19 pandemic and the Russian invasion of Ukraine.
King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, where he invited the newly elected leader of the Conservative Party to become prime minister and form a new government, in London, on Oct. 25, 2022. (Aaron Chown – WPA Pool/Getty Images)
Sunak paid tribute to his predecessor—who was forced to step down after her plan to fund tax cuts with government borrowing caused turmoil in the financial markets—saying she was “not wrong” to want to deliver economic growth….