UK’s new Prime Minister Rishi Sunak vows to correct predecessor’s ‘wrongs’ and ensure stability

Britain’s new prime minister, Rishi Sunak, has vowed to right the “wrongs” of her predecessor, Liz Truss, and rebuild economic stability and confidence.

Sunak, 42, became the youngest prime minister in over 200 years after being appointed by King Charles III at Buckingham Palace on October 25.

Speaking on the Downing Street steps, the new prime minister said Britain was facing a “serious economic crisis” caused by the COVID-19 pandemic and the aftermath of Russia’s invasion of Ukraine.

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On 25 October 2022, King Charles III of Great Britain welcomed Rishi Snak to an audience at Buckingham Palace, inviting the newly elected leader of the Conservative Party to become Prime Minister and form a new government. (Aaron Choung – WPA Pool)/Getty Images)

Sunak paid tribute to his predecessor. Her predecessor was forced to resign after her plan to finance tax cuts with government borrowing caused financial market turmoil, but she wants economic growth I wasn’t wrong,” he said.

However, he said there were “mistakes” in her attempt to do so and was elected Conservative leader and prime minister “to fix them”.


Sunak suggested that his government would make “difficult decisions” to reduce government debt.

“I will put economic stability and confidence at the center of this government’s agenda, which means difficult decisions to make,” he said.

“The government I lead will not leave the next generation – your children and grandchildren – with debts that we are too weak to pay ourselves,” he added.

Snack pledged that his government would have “integrity, professionalism and accountability at all levels” and vowed to earn the trust of the British public.

He said he is “undaunted” by the task at hand because he is “ready to lead our country into the future.”

“I fully understand how difficult things can be, and I also understand what must be done to restore trust after all that has happened,” he said. The only thing is that I am undaunted.I know the high position I have accepted and I want to live up to its demands.”

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Snak was born in Southampton in 1980 to Punjabi parents. His father was a family doctor and his mother ran a pharmacy where he helped with his books.

After attending private school at Winchester College and graduating from Oxford University with a degree in Philosophy, Politics and Economics (PPE), she earned an MBA from Stanford University in California and is the daughter of India’s sixth richest man. I met my wife Akshata Marty.

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Chancellor Rishi Snak along with his wife Akshata Marty attend a reception to celebrate the British Asia Trust at the British Museum in London on February 9, 2022. (Ian West/PA Media)

A successful business career at Goldman Sachs and a hedge fund manager meant he was already independent and wealthy by the time he decided to enter politics in his early 30s.

In 2014, he was named the Tory candidate for a very safe seat in Richmond, North Yorkshire, and was duly elected in the following year’s general election.

He served as a junior minister of local government under Theresa May and was promoted to Secretary of the Treasury by Boris Johnson.

In February 2020, he became finance minister at just 39 when his predecessor Sajid Javid stepped down.

It took Sunak just seven years from new MP to new prime minister. No other modern British politician has made the same journey in a shorter period of time.

PA Media contributed to this report.

Alexander Chan