The new prime minister

After completing his comeback, Rishi Sunak will become the country's first black prime minister.

Just seven weeks after losing to Liz Truss for the position of prime minister, Rishi Sunak made a political comeback on Monday by being chosen as prime minister by Britain's ruling Conservative Party.

He is Britain's first leader of South Asian descent, its first Hindu prime minister, and the country's first leader of color. Rishi Sunak, 42, the third British prime minister in less than two months, will be the country's fifth leader in six years. He is the modern era's youngest prime minister. Following Truss' resignation on October 20, he won an internal party election to become the next president of the nation.

Truss held office for the shortest time ever for a British prime minister, and it was troubled economically. British voters choose a party, not a particular leader. Hence, the incumbent party is free to replace the prime minister without holding a new election. After Penny Mordaunt, his major rival, withdrew from the race, Sunak was declared the winner of the party competition. He automatically becomes prime minister. He takes over on Tuesday.

Liz Truss's last 45 days in the prime minister's office: Forecasts indicate that the country's economy has already entered a recession, and energy and borrowing costs are among the highest in Europe. Truss' decision to aggressively cut taxes, which alarmed bond market investors and prompted the International Monetary Fund to issue a warning that it would further increase prices, has made matters worse.

He takes over as Britain experiences extremely difficult economic circumstances. In September, annual inflation in Britain reached a 40-year high of 10.1%.

Former banker Sunak served as Boris Johnson's government's Chancellor of the Exchequer, or minister of finance. He was in charge of Johnson's economic assistance program for workers and businesses during the coronavirus pandemic, but resigned over the summer, citing the need for a "fundamentally different" economic strategy to address Britain's cost of living crisis and government "standards," a reference to Johnson's bumbling, divisive leadership style that has given rise to numerous allegations of misbehavior.