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The Independent UK
The Independent UK
National
Andrew Woodcock

Rishi Sunak paves way for new era of austerity in first statement as prime minister

​​Rishi Sunak Jeremy Hunt Carl Emmerson Liz Truss Inflation
AFP via Getty Images

In his first public comments as prime minister, Rishi Sunak set the course for a new age of austerity with a vow not to leave a burden of debt for future generations.

Economists warned that the British public is not prepared for the scale of cutbacks and tax rises likely to be needed as the new PM fights to restore financial stability.

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