Dubai Telegraph - Sunak appointed crisis-hit UK's first prime minister of colour

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.868888
GBP 0.86899
GEL 3.147128
GGP 0.868888
GHS 12.613956
GIP 0.868888
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868888
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.868888
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.265709
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2432.834089
MNT 4136.040892
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.330532
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 137.764445
WST 3.161931
XAF 655.95473
XAG 0.017051
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • GSK

    -0.5300

    51.84

    -1.02%

  • BCE

    0.0600

    25.79

    +0.23%

  • NGG

    -3.5400

    81.99

    -4.32%

  • RELX

    -0.4600

    33.36

    -1.38%

  • RIO

    -2.5000

    83.15

    -3.01%

  • AZN

    -5.3300

    183.6

    -2.9%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • JRI

    -0.3900

    11.77

    -3.31%

  • VOD

    -0.0900

    14.33

    -0.63%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

Sunak appointed crisis-hit UK's first prime minister of colour
Sunak appointed crisis-hit UK's first prime minister of colour / Photo: Daniel LEAL - AFP

Sunak appointed crisis-hit UK's first prime minister of colour

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former imperial power, vowing to mend its stricken finances after Liz Truss lasted just 49 days.

Text size:

Sunak was set to speak outside 10 Downing Street after his appointment by King Charles III, capping the latest extraordinary twist in UK politics following Boris Johnson's demise in July.

Departing Downing Street a little before, Truss wished Sunak "every success" and said she remained "more convinced than ever" that Britain needed to be "bold" in confronting the challenges it faced.

Sunak became the ruling Conservatives' new leader on Monday after triumphing over rival contender Penny Mordaunt, who failed to secure enough nominations from Tory MPs.

It had become a two-way fight after Johnson dramatically aborted a comeback attempt late Sunday, having failed to persuade Sunak to share power. He has maintained a deafening silence since.

Sunak, a Hindu, is the first British-Indian prime minister and, at 42, the youngest leader in more than two centuries.

US President Joe Biden called the choice "groundbreaking", and vowed to reach out to Sunak shortly.

Sunak took power in a morning audience with Charles -- who anointed his first prime minister since ascending the throne following the death of his mother Queen Elizabeth II.

- 'Unite or die' -

Britain's Conservative-supportingmedia hailed Sunak's appointment.

"The force is with you, Rishi," ran The Sun's headline, in a reference to Sunak's love of "Star Wars" films. The Daily Mail called it "a new dawn for Britain".

But the left-leaning Guardian highlighted Sunak's warning to Conservative MPs that the party must "unite or die".

Truss left 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 to replace Johnson.

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

He also faces the uphill task of uniting a party riven with divisions and infighting.

Iain Duncan Smith, a former Conservative leader, said MPs now understood the "existential threat" facing the Tories, and that they needed to unite or accept being "out of power for a long time".

- 'Difficult decisions' -

After delivering the now all-too-familiar new leader's speech, Sunak started 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 a 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 fiscal plans on October 31.

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 unlikely to get a seat around the table is former boss Johnson, who was driven out in July partly thanks to Sunak's resignation.

On Sunday he announced he would not go forward with his audacious leadership bid.

- '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 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.

Ed Davey, leader of the Liberal Democrats, said young people would be "inspired" by the appointment of the first British-Asian leader -- but also insisted it was time for a general election.

"Given the Conservatives have trashed the economy... I guess one's not surprised that they're scared of the British public," he told Times Radio.

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

V.Munir--DT