Author: News Desk

UK industry leaders hope for urgent steps from new PM to repair battered business confidence Rishi Sunak to be UK PM – live news updates Anxious business leaders have cautiously welcomed Rishi Sunak as prime minister amid signs the UK economy is heading for recession after a sharp fall in confidence among company bosses during Liz Truss’s brief premiership. The latest snapshot from the economy showed optimism among business leaders collapsed in October to the lowest level since April 2020, during the early stages of the Covid pandemic, as intense inflationary pressures, escalating political uncertainty and rising borrowing costs weighed…

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  Rishi Sunak emerged victorious in the race to replace Liz Truss as Conservative Party leader and Prime Minister after Penny Mordaunt and Boris Johnson both pulled out of the contest. ​Rishi Sunak emerged victorious in the race to replace Liz Truss as Conservative Party leader and Prime Minister after Penny Mordaunt and Boris Johnson both pulled out of the contest. 

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