Rishi Sunak will become the United Kingdom’s new prime minister after winning the ruling Conservative Party’s leadership contest, which was triggered by the resignation of Liz Truss last week.
Sunak’s win came days after Truss’s resignation after her disastrous tax cuts plans and policy U-turns plunged the markets into chaos. The unprecedented economic crisis drew a rare intervention from the Bank of England.
He says the whole list of tax cuts and ideas that frankly, according to Sunak and others, belongs to Disneyland because none of it was going to be really possible without crashing the economy more.