Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsPolitics

Rishi Sunak to take charge as UK Prime Minister after meeting King Charles

Outgoing Prime Minister Liz Truss will chair her final Cabinet meeting at 10 Downing Street on Tuesday morning before she makes her way to Buckingham Palace to formally tender her resignation to the 73-year-old monarch

October 25, 2022 / 08:53 AM IST

Rishi Sunak will take charge as Britain's first Indian-origin Prime Minister after an audience with King Charles III on Tuesday, a day after he was elected the new leader of the Conservative Party in a historic leadership run.

Outgoing Prime Minister Liz Truss will chair her final Cabinet meeting at 10 Downing Street on Tuesday morning before she makes her way to Buckingham Palace to formally tender her resignation to the 73-year-old monarch. Sunak, 42, will then arrive at the palace for his meeting with the King, who will formally anoint him as the UK's new Prime Minister.

The former chancellor will then make his first prime ministerial address on the steps of 10 Downing Street, expected to be joined by wife Akshata Murty and daughters Krishna and Anoushka. "The UK is a great country, but there is no doubt we face a profound economic challenge," said Sunak in his first address as Prime Minister-elect on Monday.

"We now need stability and unity and I will make it my utmost priority to bring our party and our country together; because that is the only way we will overcome the challenges we face and build a better, more prosperous future for our children and our grandchildren," he said. "I pledge that I will serve you with integrity and humility and I will work day in and day out to deliver for the British people," Sunak said.