A known quantity in uncharted waters: Rishi Sunak takes the helm in Downing Street

By Daniel Gayne2022-10-24T13:48:00

With Jeremy Hunt reportedly staying on as chancellor, the incoming PM looks to be setting a course for financial stabilisation. But is UK plc really bound for calmer waters?

After a long weekend of wrangling for the support of Tory MPs, it is Rishi Sunak who will step into Liz Truss’ shoes as the UK’s third prime minister of the year.

For a moment, it had looked as if Boris Johnson might pull off an audacious return to No 10 that would most likely have seen the political chaos of recent weeks continue. Numerous Tory MPs were reportedly mulling the option of defection if the ex-PM had prevailed.

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