Sunak has also begun reshuffling his cabinet, as UK residents feel the pinch of what is a “profound economic crisis”.
Jeremy Hunt will stay on as chancellor, a position he acquired after Kwasi Kwarteng’s disastrous mini-budget.
Suella Braverman will once again be home secretary just days after sensationally resigning from this very role.
Dominc Raab is deputy PM and justice secretary, while Michael Gove is levelling up secretary.
Grant Shapps is the new business secretary, with Sunak’s former leadership rival Penny Mordaunt staying on as leader of the House of Commons.
Mistakes have been made
Speaking outside his new home, 10 Downing Street, Sunak paid tribute to his predecessor, Liz Truss, while also acknowledging mistakes have been made.
“Our country is facing a profound economic crisis. The aftermath of COVID still lingers. Putin’s war in Ukraine has destabilised energy markets and supply chains the world over,” Sunak said.
“I will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come.
“I want to pay tribute to my predecessor Liz Truss. She was not wrong to want to improve growth in this country. It is a noble aim. And I admired her restlessness to create change.
“But some mistakes were made — not born of ill will, or bad intentions. Quite the opposite, in fact. But mistakes, nonetheless. And I have been elected as leader of my party and your prime minister, in part to fix them.”
William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment.
With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'.
A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.
Bitcoin rebounds to $91,000, sparking speculation on the crypto market’s recovery momentum.
The crypto market is snapping back to life, with Bitcoin and major altcoins turning green in a broad rebound that has traders wondering whether this momentum marks the start of a true recovery. With Bitcoin reclaiming the USD 91,000 level after November’s slump, questions are mounting about what’s genuinely driving the rally.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.
Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.
Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.
Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.
His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.
Norris closed out the season with 423 points, marking a defining milestone in his career.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
