
Rishi Sunak is to become the new Prime Minister (Stefan Rousseau/PA)
(Picture: PA Wire)Rishi Sunak said the UK faces “profound economic challenge”, and all eyes will be on how he moves to address this.
Three men have held Sunak’s former position of Chancellor in the short time since he left office. Jeremy Hunt is expected to remain in the post and deliver a fiscal statement on Monday, having already ripped up £32 billion of the £45 billion tax cuts announced a month ago under the short-lived Liz Truss regime.