RISHI Sunak said he will begin fixing the mistakes made by Liz Truss’s short-lived government “immediately”, signalling that public spending cuts may be needed to do so.
The new Prime Minister used his first speech before entering No 10 to thank his two predecessors of the past two months, but tried to draw a line under their leadership.
Sunak said he would put "economic stability and confidence at the heart of the government’s agenda" in the wake of Truss's disastrous mini-Budget that saw the pound hit record lows against the dollar and the Bank of England take emergency action to protect pension funds.