Sunak says he is “humbled and honoured” to have the support of his fellow MPs and be elected leader.
“It is the greatest privilege of my life to be able to serve the party I love and give back to the country I owe so much to.”
News
Rishi Sunak becomes the UK’s youngest PM in two centuries
Rishi Sunak is Britain’s next leader after Mordaunt removed herself from the race
It’s official, Rishi Sunak will become the next prime minister of the United Kingdom.
Sunak was met with a round of applause when arriving at Conservative Party HQ in Westminster.
He is the third prime minister the country has seen in just three months, following Boris Johnson and Liz Truss’ resignations.
Chairman of the Committee of Conservative MPs, Sir Graham Brady, announced the victory.
Sunak has pledged his commitment to the United Kingdom.
He has the responsibility of steering a deeply divided country through an economic downturn and political unrest.
But Sunak has vowed to get Britain back on track.
“The United Kingdom is a great country but there is no doubt we face a profound economic challenge. We now need stability and unity and I will make it my utmost priority to bring our party and our country together.”
rishi sunak, uk Prime Minister
He is the country’s first non-white PM. But more importantly, he’s already calming a lot of nerves about the economy and where this country is headed.
Confidence in his Conservative Party is low right now.
The economy is top of mind here. There’s a cost of living crisis and inflation is over 10 per cent. But Sunak might be the best positioned to tackle the financial turmoil.
He’s the former finance minister, he’s been very clear about his planned policies for taxes and growth, and just look at the markets: today’s news has rallied the British stock exchange and the pound.
Labour says that three Prime Ministers in this short time is a sign that the conservative party doesn’t have things together – they’re calling for a new general election to let the voters decide what the balance of power looks like in Parliament.
That’s unlikely to happen though. Rishi Sunak should have the keys to 10 Downing Street in the next 24 hours.
News
Global stocks wobble as Davos kicks off and Trump reshapes geopolitics
Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.
Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.
Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.
The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.
Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.
Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.
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News
Zelenskyy reveals planned UAE talks with Russia and the United States
Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.
Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.
Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.
He also criticised European leaders at the World Economic Forum, calling for stronger political will.
News
Albanese apologises to Jewish community at Bondi attack memorial
Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.
Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.
Anthony Albanese has apologised to the Jewish community, saying Australia failed to keep people safe after the Bondi terror attack.
Speaking at a memorial in Sydney, he pledged to confront antisemitism and stand with families and first responders in grief and unity.
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