Following weeks of economic turmoil, new Prime Minister Rishi Sunak declared the end to "political and economic uncertainty".
It appears markets have begun to rally behind Liz Truss' successor after her mini-budget triggered weeks of financial chaos. The British Chambers of Commerce said that businesses need more certainty on energy support while boosting international trade and exports.
As far as the markets are concerned, Mr Sunak's appointment is of little shock. Despite this, shares on the FTSE 100 index of London's biggest companies initially rose by as much as half a per cent today, before falling to nearly 0.8 per cent down - in the afternoon, it recovered, rising by 1.1 per cent.
