Berliner Boersenzeitung - Sunak appointed crisis-hit UK's first prime minister of colour

EUR -
AED 4.251062
AFN 72.925265
ALL 94.8254
AMD 427.157207
ANG 2.07246
AOA 1062.045358
ARS 1654.698773
AUD 1.642292
AWG 2.086462
AZN 1.967909
BAM 1.95287
BBD 2.334956
BDT 142.30647
BGN 1.957259
BHD 0.437251
BIF 3465.784636
BMD 1.157538
BND 1.486363
BOB 8.011014
BRL 5.853783
BSD 1.15934
BTN 109.742857
BWP 15.554258
BYN 3.209653
BYR 22687.747139
BZD 2.331561
CAD 1.622613
CDF 2686.646022
CHF 0.921227
CLF 0.026189
CLP 1030.729439
CNY 7.825594
CNH 7.828563
COP 4041.544344
CRC 527.417725
CUC 1.157538
CUP 30.67476
CVE 110.407208
CZK 24.153769
DJF 206.436676
DKK 7.474212
DOP 67.658232
DZD 154.134274
EGP 58.360897
ERN 17.363072
ETB 184.624981
FJD 2.566149
FKP 0.863695
GBP 0.864276
GEL 3.061668
GGP 0.863695
GHS 12.993385
GIP 0.863695
GMD 83.924124
GNF 10157.397109
GTQ 8.837701
GYD 242.547107
HKD 9.066683
HNL 30.92954
HRK 7.533486
HTG 151.523294
HUF 350.295918
IDR 20532.411161
ILS 3.377121
IMP 0.863695
INR 109.586622
IQD 1516.374936
IRR 1592485.963199
ISK 144.403384
JEP 0.863695
JMD 183.767433
JOD 0.820733
JPY 185.529064
KES 149.855057
KGS 101.226337
KHR 4641.727778
KMF 491.953924
KPW 1041.784713
KRW 1750.937854
KWD 0.356973
KYD 0.966167
KZT 567.498277
LAK 25494.776957
LBP 103657.538635
LKR 385.464952
LRD 210.874511
LSL 18.77495
LTL 3.417909
LVL 0.700183
LYD 7.384758
MAD 10.732983
MDL 20.166089
MGA 4867.447466
MKD 61.626914
MMK 2429.776871
MNT 4140.153881
MOP 9.355001
MRU 46.370593
MUR 54.681731
MVR 17.884094
MWK 2010.643333
MXN 19.946639
MYR 4.705276
MZN 73.978503
NAD 18.775389
NGN 1573.094844
NIO 36.601094
NOK 11.072836
NPR 175.592558
NZD 1.993813
OMR 0.445072
PAB 1.159261
PEN 3.943156
PGK 5.04568
PHP 69.901374
PKR 322.171817
PLN 4.250578
PYG 7098.2265
QAR 4.217491
RON 5.236586
RSD 117.380316
RUB 83.863288
RWF 1753.091482
SAR 4.343308
SBD 9.335592
SCR 14.49409
SDG 695.104711
SEK 10.900655
SGD 1.485706
SHP 0.864219
SLE 28.649668
SLL 24272.999836
SOS 661.530515
SRD 43.428575
STD 23958.702011
STN 24.742377
SVC 10.143823
SYP 127.945117
SZL 18.775036
THB 37.69581
TJS 10.746728
TMT 4.051383
TND 3.370754
TOP 2.787074
TRY 53.593356
TTD 7.869057
TWD 36.557949
TZS 3038.535259
UAH 51.973915
UGX 4306.556634
USD 1.157538
UYU 47.018839
UZS 13890.457831
VES 685.002873
VND 30439.779925
VUV 138.327009
WST 3.175698
XAF 654.985514
XAG 0.016695
XAU 0.000268
XCD 3.128304
XCG 2.089374
XDR 0.814557
XOF 653.445775
XPF 119.331742
YER 276.188155
ZAR 18.780883
ZMK 10419.269321
ZMW 20.379069
ZWL 372.726802
  • RBGPF

    2.1500

    62.87

    +3.42%

  • CMSC

    0.0100

    22.34

    +0.04%

  • CMSD

    0.0600

    22.32

    +0.27%

  • RYCEF

    1.0700

    18.11

    +5.91%

  • GSK

    -0.8100

    52.23

    -1.55%

  • NGG

    -0.2700

    81.57

    -0.33%

  • BCE

    -0.2369

    24.04

    -0.99%

  • JRI

    0.1135

    12.78

    +0.89%

  • BCC

    0.4500

    71.59

    +0.63%

  • RIO

    0.5400

    105.89

    +0.51%

  • VOD

    -0.5300

    15

    -3.53%

  • RELX

    -0.9000

    32.84

    -2.74%

  • BP

    -1.1900

    41.59

    -2.86%

  • BTI

    -1.2600

    61.06

    -2.06%

  • AZN

    -1.4800

    177.27

    -0.83%

Sunak appointed crisis-hit UK's first prime minister of colour
Sunak appointed crisis-hit UK's first prime minister of colour / Photo: Daniel LEAL - AFP

Sunak appointed crisis-hit UK's first prime minister of colour

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former imperial power, vowing to mend its stricken finances after Liz Truss lasted just 49 days.

Text size:

Sunak was set to speak outside 10 Downing Street after his appointment by King Charles III, capping the latest extraordinary twist in UK politics following Boris Johnson's demise in July.

Departing Downing Street a little before, Truss wished Sunak "every success" and said she remained "more convinced than ever" that Britain needed to be "bold" in confronting the challenges it faced.

Sunak became the ruling Conservatives' new leader on Monday after triumphing over rival contender Penny Mordaunt, who failed to secure enough nominations from Tory MPs.

It had become a two-way fight after Johnson dramatically aborted a comeback attempt late Sunday, having failed to persuade Sunak to share power. He has maintained a deafening silence since.

Sunak, a Hindu, is the first British-Indian prime minister and, at 42, the youngest leader in more than two centuries.

US President Joe Biden called the choice "groundbreaking", and vowed to reach out to Sunak shortly.

Sunak took power in a morning audience with Charles -- who anointed his first prime minister since ascending the throne following the death of his mother Queen Elizabeth II.

- 'Unite or die' -

Britain's Conservative-supportingmedia hailed Sunak's appointment.

"The force is with you, Rishi," ran The Sun's headline, in a reference to Sunak's love of "Star Wars" films. The Daily Mail called it "a new dawn for Britain".

But the left-leaning Guardian highlighted Sunak's warning to Conservative MPs that the party must "unite or die".

Truss left office as the shortest-serving premier in history, after a calamitous tax-slashing budget sparked economic and political turmoil.

The 47-year-old announced her resignation last Thursday, admitting she could not deliver her mandate from Conservative members -- who had chosen her over Sunak in the summer to replace Johnson.

Sunak has now staged a stunning turnaround in political fortunes, and vowed to do the same for Britain as it confronts decades-high inflation, surging borrowing costs and imminent recession.

He also faces the uphill task of uniting a party riven with divisions and infighting.

Iain Duncan Smith, a former Conservative leader, said MPs now understood the "existential threat" facing the Tories, and that they needed to unite or accept being "out of power for a long time".

- 'Difficult decisions' -

After delivering the now all-too-familiar new leader's speech, Sunak started appointing his top team before facing his first session of "Prime Minister's Questions" in parliament on Wednesday.

Finance minister Jeremy Hunt -- appointed by Truss just 11 days ago in a bid to salvage her premiership -- could remain in the role after stabilising the markets.

He endorsed Sunak on Sunday, writing in the Telegraph that he was a leader "willing to make the choices necessary for our long-term prosperity".

After reversing almost all of Truss's various tax cuts, Hunt has warned "difficult decisions" loom over public spending.

Whoever heads the Treasury is set to unveil the government's much-anticipated fiscal plans on October 31.

Sunak must also decide whether to appoint to his cabinet senior MPs who did not support him, such as Mordaunt, in a bid to unify his fractured party.

One unlikely to get a seat around the table is former boss Johnson, who was driven out in July partly thanks to Sunak's resignation.

On Sunday he announced he would not go forward with his audacious leadership bid.

- 'No mandate' -

Sunak, a wealthy descendant of immigrants from India and East Africa, is also facing calls for a general election after becoming the latest leader who lacks a direct mandate from the electorate.

Pollster Ipsos said Monday that 62 percent of voters want a vote by the end of the year.

"He has no mandate, no answers and no ideas," Labour's deputy leader Angela Rayner tweeted.

Ed Davey, leader of the Liberal Democrats, said young people would be "inspired" by the appointment of the first British-Asian leader -- but also insisted it was time for a general election.

"Given the Conservatives have trashed the economy... I guess one's not surprised that they're scared of the British public," he told Times Radio.

That appears unlikely as a flurry of polls show Labour with its largest lead in decades.

(K.Lüdke--BBZ)