According to Sky News Arabia, British Prime Minister Rishi Sonak announced today, Wednesday, that emphasis will be placed on safeguarding vulnerable groups.
British Prime Minister Rishi Sonak stated that he admitted his faults, was open about the challenges we confront, and did not advocate for “fairy stories.”
Six weeks after taking office, Liz Tarras, the British Prime Minister, made the decision to step down.
According to the BBC, Tarras informed her in a speech that elections for the leadership will take place in a week.
This comes after the chairman of the 1922 committee, Sir Graham Brady, entered the headquarters of the Downing Street to hold a crisis meeting with the Prime Minister, followed by party leader Jake Perry.
The British Prime Minister stated that she had notified the monarch of his decision to step down as the Conservative Party’s leader and that she would “continue to discharge her duties until the appointment of a new leader of the Conservative Party.”
Terrace, who held the role of prime minister for the shortest time in British history (just 45 days), will continue in office for a while before a replacement is named for her.
The Terrace administration’s economic strategy, which demonstrated its inability to control inflation and excessive prices and also presented issues about the growth of the public debt, received harsh criticism.
On September 23, the then-Treasury Secretary Kawasi Kawarting, who was forced to resign last Friday in the wake of a widespread outcry, revealed the so-called “miniature budget.” Later, the administration scrapped the proposal.
The yield on British government bonds has grown for five years to its highest level since 2008, at 4.6%, following the announcement of the plan. This increase has resulted in a decline in the market for debt bonds, and the pound has dropped to its lowest level ever, at $1.054.
Sonak: We’ll concentrate on safeguarding the vulnerable groups.
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