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Reuters

Business

By Kate Holton, Elizabeth Piper and Alistair Smout

New PM Rishi Sunak pledges to lead Britain out of economic crisis

Rishi Sunak Britain Liz Truss Conservative Party Westminster

King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government. Picture date: Tuesday October 25, 2022. Photo credit should read: Aaron Chown/PA Wire Aaron Chown/Pool via REUTERS

Rishi Sunak became Britain's third prime minister in two months on Tuesday and pledged to lead the country out of a profound economic crisis and rebuild trust in politics.

Sunak quickly reappointed Jeremy Hunt as his finance minister in a move designed to calm markets that had balked at his predecessor's debt-fuelled economic plans.

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