The Latest Breaking News from Liz Truss

Rishi Sunak won the Tory leadership contest without a vote being cast

The new Conservative leader will take over from Liz Truss in Downing Street after he was the only candidate to get the support of 100 Tory MPs.

Rishi Sunak will formally become Prime Minister after Liz Truss has chaired her final Cabinet meeting and visited the King

Live, rolling coverage of business, economics and financial markets as business group warns on austerity ‘doom loop’ and investors buy UK bonds

The former chancellor is set to become the youngest PM in more than 200 years

Sunak chosen unopposed after rivals Penny Mordaunt and Boris Johnson dropped out of race

Mr Sunak is naming his top team after wielding the axe to predecessor Liz Truss’s cabinet

In today’s newsletter: He’s the first British Indian prime minister and a sign of hoped-for stability among Tories. Here’s what we know so far about his policy agenda, political weaknesses and more

Mr Sunak vowed to increase benefits in line with inflation and scrap VAT on energy bills - but that was before the economy collapsed

Britain's new leader Rishi Sunak pledged on Tuesday to restore trust in UK politics and "fix the mistakes" made under his predecessor Liz Truss in his first speech from Downing Street after he was appointed prime minister by King Charles III. Earlier, Truss wished Sunak "every success" in a brief…

Sunak is, in many ways, a very traditional Conservative. He was born in Southampton and attended Winchester School – a very expensive and well-respected private school