LONDON (AP) — Rishi Sunak is set to be appointed Britain’s third prime minister this year by King Charles III on Tuesday, before appointing a cabinet that will have to grapple with Britain’s economic and political crisis. is.
Britain’s first leader of color, Sunak lost his plummeting popularity after being elected leader of the ruling Conservative Party in an effort to stabilize the economy after Liz Truss’ short and disastrous tenure.
Truss left the country after making a public statement outside 10 Downing Street seven weeks after being appointed prime minister by Queen Elizabeth II. The Queen died two days later. Her son, now King, takes over the ceremonial role of accepting Truss’ resignation at Buckingham Palace, after which he asks Sunak to set up a government.
Truss defended her low-tax economic vision and short term in office before finally being ousted from the prime minister’s office.
“I am more convinced than ever that we must be bold and face the challenges we face,” the September 23 budget package.
Truss wished Snack success as Britain “continues to fight through the storm”.
At 42, the youngest British leader in over 200 years, Sunak must try to shore up an economy that is teetering as it slides into recession after his predecessor’s experiments in libertarian economics. . in a poll.
His top priority was to appoint ministers and prepare a budget statement that would set out how the government would come up with billions of pounds (dollars) to fill the fiscal hole created by soaring inflation and a sluggish economy. is to A truss destabilization economic experiment.
The statement, which features tax increases and spending cuts, is currently scheduled to be drafted in Congress by Treasury Secretary Jeremy Hunt on Monday.
Sunak, who served as treasury secretary for two years until July, said on Monday that the UK was facing “serious economic challenges”.
Sunak was sworn in as prime minister in a stunning reversal of fortune just weeks after losing to Truss in the Conservative party’s election to replace former prime minister Boris Johnson. I chose her tax cut booster doctrine over that.
Truss admitted last week that she would be unable to carry out her plan, but only after her attempt caused market turmoil and exacerbated inflation.
The party is now desperate for someone to put the ship right after months of turmoil under Truss and Johnson.
Sunak was elected leader of the Conservative Party after being the only candidate to clear the hurdle of 100 nominations from other MPs in the leadership election. Snack rushed back from a vacation in the Caribbean with potential rival Penny Mordaunt to get a job in his government to garner support for his comeback, but not enough support to run for office. Defeated exiled Johnson who could not get.
He must not only stabilize the British economy, but also unite the ruling party, which has been in trouble after its poll ratings plummeted.
Conservative MP Victoria Atkins, a supporter of Snack, said the party would “settle down” under Snack.
“We now understand that we have to really support Rishi, and in all fairness, that’s exactly what the party has done,” she told radio station LBC.
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