- On Wednesday, Britain’s newly appointed Prime Minister Rishi Sunak cautioned that his government will have to make “extremely painful decisions” but promised compassion while addressing the “deep economic crisis.”
- Sunak, Britain’s first Indian-origin Prime Minister, assumed office on Tuesday with a promise to correct Liz Truss’ “mistakes” that caused a government financial black hole and market turbulence.
- A read-out from Sunak’s first cabinet meeting stated that “economic stability and fiscal sustainability would be at the centre” of his government’s objective.
- “This morning I spelled out to Cabinet the great task we face, and why I am sure that this administration can rise to the challenge and deliver for the whole UK,” Sunak tweeted.
New UK PM Rishi Sunak warns of’very painful decisions’ to address deep economic crisis.
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