Rishi Sunak will take office as prime minister of the United Kingdom on Monday after other contenders withdrew from the race to lead the Conservative Party. He will have the difficult challenge of guiding a profoundly divided nation through an economic crisis that will make millions of people impoverished.
King Charles will invite Sunak, one of the wealthiest lawmakers in Westminster, to form a government in place of Liz Truss, the outgoing prime minister who held the position for only 44 days.While his challenger, the former prime minister Boris Johnson, withdrew from the race claiming he could no longer unify the party, he overcame centrist politician Penny Mordaunt, who was unable to secure enough support from parliamentarians to be included on the vote.
On hearing that Mordaunt was leaving, the price of the pound and British government bonds briefly increased, but they quickly dropped back to their former levels.Former finance minister Sunak, 42, takes office as Britain’s third prime minister in less than two months. He is tasked with bringing peace to a nation that has been in instability for years due to political and economic unrest.
