Rishi Sunak Officially Sworn in as UK Prime Minister After Audience with King Charles
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[Asia Economy Reporter Naju-seok] Former UK Chancellor of the Exchequer Rishi Sunak officially took office as the UK Prime Minister on the 25th.
Newly appointed Prime Minister Sunak met with King Charles of the United Kingdom on the same day to complete the approval process. He left Buckingham Palace and officially began his term at Downing Street, the UK Prime Minister's residence.
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After former UK Prime Minister Boris Johnson's disgraceful resignation, former UK Prime Minister Liz Truss took office but also resigned in disgrace after just seven weeks. Truss, who had prominently promoted tax cut policies, faced rejection from international financial markets, resulting in turmoil such as the collapse of the British pound and a sharp rise in government bond yields.
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