Economic woes force PM from power
London , United Kingdom
The UK ' s new Prime Minister , Rishi Sunak , emerging from Downing Street during his first week in the job . In October , Liz Truss became the shortest-serving premier in the country ' s history when she resigned after just 45 days . Investors had balked at a proposed cut to the top rate of income tax at a time of heavy public spending , causing the pound to crash to a record low . It is expected that Sunak will oversee a new era of austerity , with some commentators believing a recession is now inevitable .
© Lauren Hurley / No 10 Downing