The U.K’s new prime minister Rishi Sunak who took over as Britain’s 57th prime minister officially on Tuesday to fix the mistakes made by his predecessor, Liz Truss, and quickly starting to form a cabinet with an emphasis on continuity and stability.
In one of his most important appointments, Mr. Sunak selected Jeremy Hunt to remain as chancellor of the Exchequer. Mr. Hunt assumed the role early this month in a bid by Ms. Truss to calm the market turmoil caused by her sweeping tax cut plan. He quickly reversed virtually all of her proposals.
