Skip to content

Sunak’s Prize for Predicting Truss Chaos: He Gets to Clean Up the Mess

  • New UK Conservative Party leader inherits an economy in crisis
  • Rapid turnaround for former chancellor who lost last Tory race
Bloomberg business news
WATCH: What the markets want to know about Rishi SunakSource: Bloomberg

Rishi Sunak spent the summer trying to warn the Conservative Party that Liz Truss would trash the economy if she became UK prime minister. He failed to win the top job then -- but is now on the hook for cleaning up her mess.

Just seven weeks after Truss traveled to meet Queen Elizabeth II to become premier, Sunak will meet King Charles III on Tuesday to formally replace her. It marks an extraordinary turnaround in his political fortunes, during an astonishing period that saw the death of Britain’s longest-reigning monarch and the exit of its shortest-serving prime minister.