Incoming PM can take a cautious approach with the Tories’ reputation at rock bottom but he cannot afford mistakes
Rishi Sunak to be UK PM – live news updates
Rishi Sunak is taking over as prime minister at a good time. That might sound a strange thing to say, given that the economy is already facing recession, inflation is at a 40-year high of 10.1%, the financial markets have just thrown the most enormous wobbly and the Conservative party’s poll ratings are at rock-bottom levels.
That, though, is the point. Things are so bad that for the incoming prime minister the only way is up, especially since Sunak can blame any tough decisions he needs to make on his two predecessors: Boris Johnson and Liz Truss.
