Rishi Sunak formally took over as Britain’s prime minister on Tuesday and will begin assembling his cabinet.
The 42-year-old won the Conservative Party contest to replace his predecessor Liz Truss.
Britain's outgoing Prime Minister Liz Truss, in a farewell speech from Downing Street, wished her successor Rishi Sunak "every success" on Tuesday as she extolled some achievements of her time in power.
1 September 2026
Get the latest issue of Outlook Business
"We continue to battle through a storm but I believe in Britain, I believe in the British people and I know that brighter days lie ahead," she said, before heading to Buckingham Palace to formally resign.
