Rishi Sunak has succeeded Liz Truss as the UK’s latest prime minister, entering Downing Street on Tuesday with a grave warning that Britain is in the midst of a “profound economic crisis”.
Speaking outside No 10, he said that there are “difficult decisions to come” in a clear indication that tax rises and public sector spending cuts are on their way in chancellor Jeremy Hunt’s medium-term fiscal plan, which is now due to be delivered on Thursday 17 November.
