New Premier Sunak Warns UK Faces ‘Profound Economic Challenge’

Sunak faces a formidable challenge to steady the UK economy in the face of headwinds including double-digit inflation, rising interest rates, and a surge in mortgage costs. After Truss’s disastrous seven weeks in power left the Tories languishing in opinion polls, he also has a tricky task to unite the different Tory factions, with many of the party’s Members of Parliament blaming him for the downfall of Truss’s predecessor, Boris Johnson, earlier in the year.