Lizz Truss Out, Rishi Sunak In

After just 45 days in office, Lizz Truss (now former) Prime Minister (“PM”) of the UK has stepped down. In her place, Rishi Sunak, the UK’s first PM of Indian descent takes her place.

While only in office for 45 days, Truss’ legacy is significant. She not only was PM as the Queen died, but made financial decisions for the UK that rendered her approval rating closer to Putin than her former counterparts. Her economic strategy was classically conservative, slashing taxes for individuals and corporations. Yet, this strategy arguably caused inflation and interest rates to skyrocket.

After loosing the support of her Conservative party, the party elected Member of Parliament and businessman Rishi Sunak to take her place. Sunak, with a net worth of $820 million dollars, is richer than King Charles himself. Many see his policies and politics more moderate than Truss’, yet criticisms over his lavish lifestyle and extreme wealth have taken over the media.

As Britain remains in economic peril, it is unclear whether Sunak’s wealth will put faith back in British financial systems or render Sunak an uncomfortable reminder for average Brits of growing advantages for the rich while the middle class suffers.