Newly prime minister Rishi Sunak wants to fix Liz Truss' 'mistakes'
King Charles III greets Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government on Tuesday, October 25, 2022.
Third British Prime Minister in two months, Rishi Sunak renewed the main figures of the Conservative government on Tuesday, opting for stability and promising to repair the “mistakes” made by the ephemeral Liz Truss.
The 42-year-old ex-banker and finance minister entered Downing Street just five days after ruling Liz Truss resigned for only 49 days, yet another twist in a country plagued by severe economic and political turbulence.
I will unite our country not with words, but with deeds, Mr. Sunak assured on the steps of his official residence, after being asked by King Charles III to form a new government. He promised to fix the mistakes made under Liz Truss. I will put economic stability and confidence at the heart of this government's agenda.
The new Prime Minister, the first from a former British colony and the youngest since the 19th century, takes the reins of a country facing a serious economic and social crisis. Inflation is over 10%. The risk of a recession looms. Strikes are increasing in the face of falling purchasing power.
Forced to leave after the storm caused by her massive tax cut plan, Liz Truss, had preceded Rishi Sunak to Buckingham Palace on Tuesday to present his resignation to the king, after a record short tenure.
She wished her successor every success, for the good of our country, and reaffirmed her plea for audacity in power.
This lull in the markets is not unrelated to the coming to power of the new British Prime Minister. Rishi Sunak officially took over the reins of the Conservative Party on Monday, following the brief and checkered reign of Liz Truss. He will be sworn in as head of the UK on Tuesday. Young, rich, of Indian origin, Rishi Sunak will have to both restore the British economy and curb the inflation crisis, while rebuilding the credibility of his party. Our correspondent in Europe, Raphaël Bouvier-Auclair.
Rishi Sunak immediately began to form a government with a double challenge: give pledges to the markets, on edge since the September budget announcements, and muster a very divided majority after 12 years in power.
Economically, he opted for stability by confirming Jeremy Hunt, 55, to the Ministry of Finance.
Since his appointment in mid-October, the latter has brought a semblance of calm to the markets by canceling almost all the tax cuts announced three weeks earlier and warning of difficult measures to come, raising fears of a return of the #x27;austerity. He is due to present new budgetary measures on October 31.
In wartime Ukraine, Rishi Sunak has also confirmed James Cleverly at Foreign Affairs and Ben Wallace at Defense.
Pledge for the right wing: ultraconservative Suella Braverman is reappointed to the Interior, less than a week after her resignation from this position which had contributed to the fall of Liz Truss.
If the latter had formed a very loyal cabinet, Rishi Sunak seems to show a desire to be open to the different currents of the majority. He nevertheless reminded the government of his ally Dominic Raab, who regains the posts of Minister of Justice and Deputy Prime Minister.
On the BBC, MP Huw Merriman explained that Rishi Sunak wanted to bring a sense of calm and stability by running the government like a business leader: We don't want any more turbulence.
Rishi Sunak also said he was aware of the work to be done to restore confidence, referring to the scandals under Boris Johnson to which he expressed his gratitude.
To the head of an extremely divided party, Rishi Sunak excludes early elections, demanded by the opposition.
According to an Ipsos poll published on Monday, 62% of voters want such an election before the end of 2022.
Brexiter from the start, who passes for a pragmatic, workaholic, Rishi Sunak is in a hurry to detail his projects, after having imposed himself without a program or membership vote. He was the only candidate to have obtained the necessary support from the deputies of his party.
Faced with the magnitude of the task, he assured in his first speech, not to be intimidated. He also reiterated British support for Ukraine, whose officials had made no secret of their disappointment after the departure of Boris Johnson.
Ukrainian President Volodymyr Zelensky s& #x27;is said to be ready to continue to strengthen ties between Ukraine and the United Kingdom.
French President Emmanuel Macron has meanwhile expressed his willingness to continue to work together to face the challenges of the moment, including the war in Ukraine and its multiple consequences for Europe and for the world.