Rishi Sunak the UKs youngest Prime Minister in two centuries takes office
Rishi Sunak to Take Oath as Prime Minister of the United Kingdom: Rishi Sunak will be named Prime Minister of the United Kingdom, and he will be the first British Prime Minister of Indian descent. During an economic downturn, there is a remarkable shift in power. Rishi Sunak, the future Prime Minister of the United Kingdom, has called for cooperation in the midst of a "deep economic dilemma."
Rishi Sunak to Take Oath as Prime Minister of the United Kingdom: Key Points
He won the Conservative Party leadership election because Penny Mordaunt was unable to secure enough MP support.
In his opening statement, Rishi Sunak stated that uniting his party and the UK would be his top priority.
Rishi Sunak, 42, will be the first British Asian prime minister in over 200 years, as well as the youngest.
He takes over for Liz Truss, who resigned last week after only 45 days as Prime Minister.
Rishi Sunak, the UK's youngest Prime Minister: Highlights
After presiding over her final cabinet meeting at 9:00 BST, the departing prime minister will speak outside No. 10 before proceeding to Buckingham Palace for her final meeting with the King.
Mr. Rishi Sunak will then have his first meeting with the king, during which he will be given the opportunity to form a government.
Rishi Sunak took over as Conservative Party leader after his former employer Boris Johnson dropped his bid for re-election and his rival Penny Mordaunt was unable to garner enough support from Conservative MPs.
Sunak will be the country's youngest prime minister in more than two centuries.
He takes over for Liz Truss, who resigned in disgrace after her tax-cutting schemes failed within two months.
Even before Truss' tax-cutting budget sent shockwaves through the market and caused the pound to fall, the economy he inherited was on the verge of a recession.
Boris Johnson may not be given a position in his cabinet after being forced to resign as Prime Minister in part because Mr. Rishi Sunak resigned as Chancellor.
Mr. Rishi Sunak's parents are of Indian origin and came to the UK in the 1960s via East Africa.
He married Akshata Murty, the daughter of Infosys co-founder Narayana Murthy.