Rishi Sunak met with King Charles on Tuesday, 25 October, before he was officially appointed as the Prime Minister of the United Kingdom (UK). The 42-year-old replaces Liz Truss as the leader of the Conservative Party.
READ: UK PM Liz Truss resigns after 44 days in office
SUNAK MAKES FIRST SPEECH AS PM
Truss resigned after just 44 days in office. Her short-lived reign was marked by political and economic instability that was made worse by her tax-cutting economic agenda.
In his first speech, Sunak – who lost to Truss in a ballot of Conservative Party members before she was appointed PM – paid tribute to his predecessor and said he “will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come.”
“I want to pay tribute to my predecessor Liz Truss. She was not wrong to want to improve growth in this country. It is a noble aim. And I admired her restlessness to create change.
“But some mistakes were made not born of ill will, or bad intentions. Quite the opposite, in fact. But mistakes, nonetheless. And I have been elected as leader of my party and your Prime Minister, in part to fix them,” said Sunak.
Sunak served as Chancellor of the Exchequer until July 2022. Since it became apparent he would become the next Prime Minister much has been made of his and his wife’s, Akshta Murthy, personal wealth.
Sunak’s father-in-law, Narayana Murthy, is an Indian billionaire worth approximately £3.9 billion.
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