Dubai Telegraph - Sunak to be appointed UK's third PM this year

EUR -
AED 4.273522
AFN 76.217615
ALL 92.18538
AMD 421.652751
ANG 2.082693
AOA 1068.237107
ARS 1759.191777
AUD 1.608808
AWG 2.097491
AZN 1.980037
BAM 1.956593
BBD 2.339888
BDT 142.777859
BGN 1.973987
BHD 0.438278
BIF 3477.368917
BMD 1.163657
BND 1.471021
BOB 14.492375
BRL 5.922543
BSD 1.161606
BTN 109.813782
BWP 15.59632
BYN 3.577088
BYR 22807.668458
BZD 2.336407
CAD 1.602652
CDF 2682.228469
CHF 0.940699
CLF 0.027255
CLP 1076.195876
CNY 7.808775
CNH 7.802509
COP 3626.524014
CRC 527.213645
CUC 1.163657
CUP 30.836899
CVE 110.30496
CZK 24.186832
DJF 206.873832
DKK 7.474562
DOP 68.757863
DZD 154.929806
EGP 59.402219
ERN 17.454848
ETB 188.389642
FJD 2.551957
FKP 0.859417
GBP 0.85854
GEL 3.030231
GGP 0.859417
GHS 13.249141
GIP 0.859417
GMD 85.526737
GNF 10211.225694
GTQ 8.868213
GYD 243.044313
HKD 9.125453
HNL 31.174633
HRK 7.534794
HTG 151.892858
HUF 363.289502
IDR 20417.517896
ILS 3.510892
IMP 0.859417
INR 110.786912
IQD 1521.890566
IRR 1599533.207296
ISK 140.395613
JEP 0.859417
JMD 184.494764
JOD 0.825026
JPY 178.229714
KES 150.579323
KGS 101.761432
KHR 4704.94704
KMF 493.390671
KPW 1047.29124
KRW 1554.453178
KWD 0.359256
KYD 0.968076
KZT 527.43467
LAK 26033.10208
LBP 104030.268684
LKR 381.968222
LRD 203.293647
LSL 18.648637
LTL 3.435975
LVL 0.703884
LYD 7.353937
MAD 10.946159
MDL 20.068788
MGA 4987.020914
MKD 61.549942
MMK 2443.087474
MNT 4186.329507
MOP 9.382741
MRU 46.795963
MUR 54.493988
MVR 17.978901
MWK 2014.416311
MXN 19.675943
MYR 4.733873
MZN 74.368805
NAD 18.648637
NGN 1537.679259
NIO 42.74769
NOK 10.720581
NPR 175.709203
NZD 1.98585
OMR 0.447425
PAB 1.161631
PEN 3.896979
PGK 5.162225
PHP 72.710496
PKR 322.070446
PLN 4.311382
PYG 6875.786307
QAR 4.234334
RON 5.251461
RSD 117.367582
RUB 99.902499
RWF 1709.192624
SAR 4.370167
SBD 9.302292
SCR 16.073616
SDG 699.926033
SEK 11.143536
SGD 1.470955
SHP 0.862114
SLE 28.622719
SLL 24401.295209
SOS 663.969063
SRD 44.128189
STD 24085.341254
STN 24.510564
SVC 10.164944
SYP 15129.862406
SZL 18.628908
THB 38.224918
TJS 10.745493
TMT 4.084435
TND 3.388327
TOP 2.801806
TRY 56.409305
TTD 7.870054
TWD 36.598154
TZS 3083.687573
UAH 51.703652
UGX 4396.706131
USD 1.163657
UYU 46.766942
UZS 13760.23908
VES 946.835279
VND 30204.451344
VUV 137.329271
WST 3.16292
XAF 656.222924
XAG 0.017449
XAU 0.000264
XCD 3.14484
XCG 2.093712
XDR 0.822766
XOF 656.129851
XPF 119.331742
YER 275.844482
ZAR 18.603611
ZMK 10474.309547
ZMW 22.391689
ZWL 374.696936
  • CMSC

    0.0100

    20.82

    +0.05%

  • RBGPF

    -1.0000

    69

    -1.45%

  • JRI

    0.0600

    12.2

    +0.49%

  • RIO

    0.5600

    103.83

    +0.54%

  • RYCEF

    0.0400

    19.96

    +0.2%

  • BCC

    -2.3500

    76.86

    -3.06%

  • GSK

    -1.3500

    48.54

    -2.78%

  • BCE

    -0.0200

    23.65

    -0.08%

  • CMSD

    -0.0100

    20.68

    -0.05%

  • NGG

    -0.0600

    78.06

    -0.08%

  • VOD

    0.4100

    17.31

    +2.37%

  • RELX

    -0.8100

    34.7

    -2.33%

  • BTI

    -0.2000

    55.15

    -0.36%

  • AZN

    -2.6600

    160.04

    -1.66%

  • BP

    1.0700

    44.88

    +2.38%

Sunak to be appointed UK's third PM this year
Sunak to be appointed UK's third PM this year / Photo: Daniel LEAL - AFP

Sunak to be appointed UK's third PM this year

Rishi Sunak will on Tuesday be installed as Britain's third prime minister this year, replacing the humiliated Liz Truss after just seven weeks and inheriting a daunting array of problems.

Text size:

Sunak became the ruling Conservatives' new leader on Monday after rival contender Penny Mordaunt failed to secure enough nominations from Tory MPs, and Boris Johnson dramatically aborted a comeback bid.

The 42-year-old Hindu will be Britain's first prime minister of colour and the youngest in more than two centuries.

Sunak will take power in a morning audience with King Charles III, who is anointing his first prime minister since ascending the throne just two days after his late mother Queen Elizabeth II appointed Truss.

The ceremony on September 6 was the last major public act of her record-breaking reign.

Truss will hold a final cabinet meeting before making a departing statement in Downing Street at around 10:15 am (0915 GMT), with Sunak expected to speak just over an hour later.

She leaves office as the shortest-serving premier in history, after a calamitous tax-slashing budget sparked economic and political turmoil.

The 47-year-old announced her resignation last Thursday, admitting she could not deliver her "mandate" from Conservative members -- who had chosen her over Sunak in the summer.

He has now staged a stunning turnaround in political fortunes, and vows to do the same for Britain as it confronts decades-high inflation, surging borrowing costs and imminent recession.

Addressing the public on Monday, Sunak promised "stability and unity" as well as bringing "our party and our country together".

- 'Choices' -

After delivering the now all-too-familiar new leader's speech from the steps of Number 10 at around 11:35 am, Britain's fifth prime minister in six years will start appointing his top team before facing his first session of "Prime Minister's Questions" in parliament on Wednesday.

Finance minister Jeremy Hunt, appointed by Truss just 11 days ago in an ultimately futile bid to salvage her premiership, could remain in the role after stabilising the markets.

He endorsed Sunak on Sunday, writing in the Telegraph that he was a leader "willing to make the choices necessary for our long-term prosperity".

After reversing almost all of Truss's various tax cuts, Hunt has warned "difficult decisions" loom over public spending.

Whoever heads the Treasury is set to unveil the government's much-anticipated medium-term fiscal plans on October 31, Halloween, alongside independent assessments.

Sunak must also decide whether to appoint to his cabinet senior MPs who did not support him, such as Mordaunt, in a bid to unify his fractured party.

One so-called big beast unlikely to get a seat around the table is his former boss Johnson, who was driven out in July partly thanks to Sunak's resignation.

The pair met late Saturday, when Johnson reportedly urged him to form a power-sharing partnership.

The ex-leader had only secured the public backing of a few dozen Tory MPs, compared to well over 100 for Sunak, and the offer was rebuffed.

A day later, Johnson bowed to political reality and announced he would not move forward with his audacious comeback.

"You can't govern effectively unless you have a united party in parliament," he acknowledged.

- 'No mandate' -

Sunak, a wealthy descendant of immigrants from India and East Africa, is also facing calls for a general election after becoming the latest UK leader who lacks a direct mandate from the electorate.

Pollster Ipsos said Monday that 62 percent of voters want a vote by the end of the year.

"He has no mandate, no answers and no ideas," Labour's deputy leader Angela Rayner tweeted.

Scottish leader Nicola Sturgeon, whose nationalist government wants to hold an independence referendum next year, echoed the comments -- while recognising the significance of Britain getting its first leader of colour.

The next election is not due until January 2025 at the latest and opposition parties have no way to force one, unless dozens of Conservative MPs acquiesce.

That appears unlikely as a flurry of polls show Labour with its largest lead in decades.

YouGov modelling Monday showed Sunak faces an uphill battle to restore confidence in both the Tories and himself.

Weekend responses from 12,000 people found that Labour leader Keir Starmer was seen as the "best prime minister" in 389 constituencies, compared with Sunak's 127.

I.Mansoor--DT