Rishi Sunak Says He Has Been Chosen To “fix” Truss’s “mistakes” And Warns Of “a Deep Economic Crisis”

Conservative Rishi Sunak is officially the new Prime Minister of the United Kingdom, replacing Liz Truss, who with 49 days in office is the most fleeting head of government in British history after resigning under pressure from her own party as a result of the turmoil caused by his controversial fiscal program. Sunak is the third premiere the country in less than two months.


Rishi Sunak, new Prime Minister of the United Kingdom

Rishi Sunak, new Prime Minister of the United Kingdom

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“Right now, our country is facing a deep economic crisis,” he said this Tuesday at the beginning of his first speech as head of the Government at the gates of his residence in Downing Street. “The aftermath of COVID still lingers. Putin’s war in Ukraine has destabilized energy markets and supply chains around the world.”

Sunak has claimed that he has been elected leader of the Conservative Party – and therefore prime minister – to “fix” the “mistakes” made by his predecessor. “He was not wrong to want to improve the growth of this country. It is a noble goal. And I admired his restlessness to generate change. But some mistakes were made, not born of ill will or bad intentions. Quite the opposite, in fact. But mistakes after all. And I have been elected as the leader of my party and its prime minister, in part to fix them.”

“That work begins immediately. I will put economic stability and confidence at the center of this Government’s agenda”, said the former Economy Minister, after which he warned that “difficult decisions are ahead”.

Sunak has pledged to unite the country “not with words, but with actions.” “I will work day by day to comply with you”, said the new premierewho has promised “integrity, professionalism and responsibility at all levels” of the Government.

He has also promised a “stronger” NHS, adding: “Better schools, safer streets, control of our borders, protection of our environment, support of our armed forces , level up (policy to reduce regional imbalances), and the construction of an economy that embraces the opportunities of Brexit, where companies invest, innovate and create jobs”.

“Together we can achieve incredible things,” he concluded. After posing for the photographers, the conservative leader has entered the official residence alone. The new prime minister has arrived at number 10 from Buckingham Palace, where he has received the formal commission from Carlos III to form a new government. It is the first time that the monarch, who ascended to the throne after the death of his mother, Elizabeth II, on September 8, has asked a British leader to form a new Executive.

Sunak takes the reins of the Government in the midst of a difficult economic crisis, due to the increase in inflation and interest rates and the risk of recession. At 42, he is the youngest prime minister in modern UK history and the first non-white person, as well as a Hindu, to reach 10 Downing Street.

The former Minister of Economy became the leadership of the Conservative Party on Monday after being the winner in a brief internal process to elect a new leader tory after the forced resignation of Truss. He was the clear favorite to automatically become the new chief executive – the new party leader also becomes prime minister because the Conservatives have the most seats in Parliament. Labor, to whom the polls give advantages of up to 30 points in voting intention in the event of a general election, have asked for an early election, something that Sunak ruled out before his party colleagues on Monday, according to British media reports.

Truss’s Farewell

Truss resigned last Thursday under pressure from her own party after less than six weeks in office and plunged into a deep political crisis. Her position in the Government had become untenable after losing confidence in the ranks Tories –divided and fearful of losing the general election– as a result of the controversy surrounding its fiscal program –with tax cuts–, which caused turbulence in the financial markets.

In a brief statement before the official residence before going to Buckingham Palace to formally present her resignation to the king, Truss said on Tuesday that it has been a “great honor” to be prime minister and has highlighted the aid she has put in place to help families in the face of the energy crisis. “In a short time, this government has acted urgently and decisively in favor of companies and working families.” During her speech, the former prime minister has called for taking advantage of the “freedoms” of Brexit and she has again urged to bet on an economy with low taxes, as well as to continue supporting Ukraine in the face of the Russian invasion.

“Since my mandate as prime minister, I am more convinced than ever that we must be bold and face the challenges that we have,” she said. “Our country continues to struggle in the midst of a storm. But I believe in the UK. I believe in the British people. And I know that brighter days await us”, she stated in words very similar to those she spoke on her arrival in Downing Street on September 6, when she said she was “sure” that the country could “weather the temporary”.

Chancellor and Brexit supporter

In September, Sunak was defeated by Truss, who won thanks to the vote of the Conservative bases in the race to take over the leadership of the party after the departure of Boris Johnson. The former chancellor was, however, the first option of the conservative deputies in the first phase of the process.

Until July 5, he was one of the heavyweights of the Boris Johnson government, and his resignation as head of the portfolio precipitated the succession of internal resignations that triggered the fall of the former prime minister. His name has repeatedly sounded in the favorite pools to take over the position.

Sunak became chancellor in February 2020. Previously, the then Johnson ally had been head of the Treasury since July 2019. He made his debut as a deputy in the House of Commons in 2015 after a career in the finance sector – He had positions in several firms, including the investment bank Goldman Sachs. He supported leaving the European Union in the 2016 referendum and his name appears among that of the people richest in the UK.

A controversy around to your family’s financial arrangements He partly undermined a great popularity gained in press conferences to explain the aid plans for COVID-19, which he quickly approved to keep families and companies afloat and earned him public recognition. The former minister was also affected by the Downing Street party scandal, the partygate, for which he was fined. Although he always defended that he was just passing through, Sunak was forced to apologize.

Sunak grew up in the city of Southampton, in the south of England, and is the grandson of immigrants from the Indian region of Punjab, who came to the UK in the 1960s from East Africa. He studied at the elite private school in Winchester and graduated in Philosophy, Politics and Economics from the English University of Oxford.

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