{"id":11748,"date":"2022-10-25T14:07:52","date_gmt":"2022-10-25T14:07:52","guid":{"rendered":"https:\/\/ambassadornews.org\/?p=11748"},"modified":"2022-10-25T14:07:58","modified_gmt":"2022-10-25T14:07:58","slug":"rishi-sunak-officially-takes-over-as-british-prime-minister%ef%bf%bc%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/ambassadornews.org\/en\/rishi-sunak-officially-takes-over-as-british-prime-minister%ef%bf%bc%ef%bf%bc\/","title":{"rendered":"Rishi Sunak officially takes over as British prime minister\ufffc\ufffc"},"content":{"rendered":"

Sunak, 42, becomes Britain’s 3rd prime minister of 2022<\/p>\n\n\n\n

Rishi Sunak was installed as Britain’s third prime minister of the year by King Charles\u00a0on Tuesday, and will next appoint a cabinet that will have to wrestle with the U.K.’s economic and political crises<\/p>\n\n\n\n

King Charles assumed the ceremonial role of accepting Liz Truss’s resignation at Buckingham Palace before asking Sunak to form a government<\/p>\n\n\n\n

Sunak then returned to the prime minister’s office at 10 Downing St., promising to tackle Britain’s\u00a0profound economic crisis<\/q>\u00a0and earn the country’s trust in an address to the nation<\/p>\n\n\n\n

I will place economic stability and confidence at the heart of this government’s agenda,<\/q>\u00a0said Sunak.\u00a0This will mean difficult decisions to come<\/q><\/p>\n\n\n\n

Sunak pledged in doing so to\u00a0not leave the next generation\u00a0\u2014 your children and your grandchildren \u2014with a debt to settle that we were too weak to pay ourselves<\/q><\/p>\n\n\n\n

Sunak was selected as leader of the governing Conservative Party on Monday as it tries to stabilize the economy, and its own plunging popularity, after the brief, disastrous term of Truss<\/p>\n\n\n\n

Truss departed after making a public statement, seven weeks to the day after she was appointed prime minister by Queen Elizabeth, who died two days later<\/p>\n\n\n\n

Truss offered a defence of her low-tax economic vision and her brief term in office before being driven from the prime minister’s official residence for the last time<\/p>\n\n\n\n

I am more convinced than ever that we need to be bold and confront the problems we face,<\/q>\u00a0she said. She stood by the free-market principles of\u00a0lower taxesand\u00a0delivering growth,<\/q>\u00a0despite the market mayhem triggered by her Sept. 23 budget package<\/p>\n\n\n\n

Challenging times for new leader<\/h2>\n\n\n\n

Sunak \u2014 the first prime minister of colour and, at 42, the youngest British leader for more than 200 years \u2014 must try to shore up an economy sliding toward recession and reeling after his predecessor’s experiment in libertarian economics, while also attempting to unite a demoralized and divided party that trails far behind the opposition in opinion polls<\/p>\n\n\n\n

He characterized Truss’s approach, which spooked the markets, as a well-meaning attempt\u00a0not born of ill will<\/q>\u00a0to promote growth, but ultimately a mistake<\/p>\n\n\n\n

\"Sunak
Sunak delivers his first speech as prime minister outside 10 Downing Street in central London, where he promised to earn the trust of Britons.PHOTO: REUTERS \/ HENRY NICHOLLS<\/figcaption><\/figure>\n\n\n\n

His top priorities will be appointing cabinet ministers\u00a0and preparing for next week’s budget statement that will set out how the government plans to come up with billions of pounds to fill a fiscal hole created by soaring inflation and a sluggish economy, and exacerbated by Truss’ destabilizing economic experiments<\/p>\n\n\n\n

The statement, set to feature tax increases and spending cuts, is currently due to be made in Parliament on Oct. 31 by Treasury chief Jeremy Hunt \u2014 if Sunak keeps him in the job<\/p>\n\n\n\n

Sunak, who was Treasury chief himself for two years until July, said Monday that Britain faces\u00a0a profound economic challenge<\/q><\/p>\n\n\n\n

Sunak becomes prime minister in a remarkable reversal of fortune just weeks after he lost to Truss in a Conservative election to replace former prime minister Boris Johnson. Party members in the summer chose her tax-cutting boosterism over his warnings that inflation must be tamed<\/p>\n\n\n\n

Truss conceded last week that she could not deliver on her plans \u2014 but only after her attempts triggered market chaos and worsened inflation at a time when millions of Britons were already struggling with soaring borrowing costs and rising energy and food prices<\/p>\n\n\n\n

The party is now desperate for someone to right the ship after months of chaos under Truss and Johnson, who quit in July after becoming mired in ethics scandals<\/p>\n\n\n\n

I understand, too, that I have work to do to restore trust after all that has happened,<\/q>\u00a0Sunak said in his first speech as prime minister<\/p>\n\n\n\n

Sunak was chosen as Conservative leader after becoming the only candidate to clear the hurdle of 100 nominations from fellow MPs to run in the party election. Sunak defeated rival Penny Mordaunt, who may get a job in his government, and the ousted Johnson, who dashed back from a Caribbean vacation to rally support for a comeback bid but failed to get enough backing to run<\/p>\n\n\n\n

RISHI SUNAK SET TO BECOME BRITAIN\u2019S NEXT PRIME MINISTER<\/h3>\n\n\n\n

11 hours agoDuration2:49Rishi Sunak is set to become Britain’s first prime minister of colour. But despite making history, he inherits a country and a party plagued by upheaval, scandal and political backstabbing<\/p>\n\n\n\n

Conservative lawmaker Victoria Atkins, a Sunak ally, said the party would\u00a0settle down<\/q>\u00a0under Sunak<\/p>\n\n\n\n

We all understand that we’ve now really got to get behind Rishi \u2014 and, in fairness, that’s exactly what the party has done,<\/q>\u00a0she told radio station LBC<\/p>\n\n\n\n

The Associated Press<\/p>","protected":false},"excerpt":{"rendered":"

Sunak, 42, becomes Britain’s 3rd prime minister of 2022 Rishi Sunak was installed as Britain’s third prime minister of the year by King Charles\u00a0on Tuesday, and will next appoint a cabinet that will have to wrestle with the U.K.’s economic and political crises King Charles assumed the ceremonial role of accepting Liz Truss’s resignation at […]<\/p>\n","protected":false},"author":9,"featured_media":11749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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