Britain pm name 2022

LONDON, Oct 25 (Reuters) - Rishi Sunak became Britain's third prime minister in two months on Tuesday and pledged to lead the country out of a profound economic crisis and rebuild trust in politics. The former hedge fund boss said he would unite the country and was expected to name a cabinet drawn from all wings of the party to end infighting and abrupt policy changes that have horrified investors and alarmed international allies. Speaking outside his official Downing Street residence, Sunak praised the ambition of his predecessor Liz Truss to reignite economic growth but acknowledged mistakes had been made. "I have been elected as leader of my party and your prime minister, in part to fix them," said Sunak, who broke with the tradition of standing beside his family and cheering political supporters. "I understand, too, that I have work to do to restore trust, after all that has happened. All I can say is that I am not daunted. I know the high office I have accepted and I hope to live up to its demands." Sunak said difficult decisions lay ahead as he looks to cut public spending. Hunt, who Truss appointed to calm markets roiled by her dash for growth, has been preparing a new budget alongside borrowing and growth forecasts due out on Monday, and repeated his warning on Tuesday that "it is going to be The new prime minister also restored Sources had said she wanted to become foreign minister. With his new appointments, Sunak was seen to be drawing ministers from across the ...

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UK PM Election Results 2022 LIVE Updates: UK's Priti Patel resigns as Home Secretary Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession. Stay with TOI for latest updates: Read Less

In a brief speech accepting leadership of the party, Truss remained loyal and gave Johnson props. “Boris you got Brexit done, you crushed [Labour Party leader] Jeremy Corbyn, you rolled out the vaccine and you stood up to Vladimir Putin. You are admired from Kyiv to Carlisle,” she said, referring a small city in northern England. At one point during the five-minute speech, Truss read in a monotone: “We will deliver, we will deliver, we will deliver” — to a smattering of applause by her party members. Commentators often declare her oratory “wooden.” Although she’s an optimist like Johnson, she doesn’t go for the fist pumping or metaphor-making he is known for. In addition to the war in Ukraine and the fallout of Brexit, the new prime minister will inherit a vast range of economic and political problems. The Bank of England predicts Britain will suffer through protracted recession, beginning as early as October. Inflation already stands at 10 percent, with economists warning that 15 percent is possible. Before the announcement of Truss as prime minister, Kremlin spokesman Dmitry Peskov said Russia expected no improvement in relations with Britain regardless of who was elected, because both candidates had “obviously been competing in anti-Russian rhetoric.” He said it was “hard to imagine a worse situation” in relations, “but, unfortunately, we cannot rule this out.”