This evening (morning UK time), Rishi Sunak will be officially appointed as the new Prime Minister of the UK succeeding Liz Truss.
However, with the 'chaos' left behind by the previous leadership, Sunak faces a big challenge to resolve it.
Economy
- The main challenge for Sunak is how he should act with the Energy Price Guarantee, a subsidy scheme to help households and businesses cope with higher gas and electricity bills.
– The economy faces a big risk if the energy crisis continues to increase which will certainly cause inflation to soar. What is the right step to take Rishi Sunak?
National Health Service (NHS)
– With record numbers waiting for hospital treatment and the threat of a wage strike ahead of the approaching winter, Sunak is certainly struggling to solve this problem.
– The fact that Sunak is prepared to increase National Insurance contributions (now cancelled) to increase NHS investment and cover health spending.
Workers Strike Over Pay
– Tens of thousands of workers are on strike due to the rising cost of living now not keeping up with wages.
– Legislation to limit the impact of strikes has been discussed, but the priority to resolve this issue may depend on controlling inflation.
Defense Aid And Support In Ukraine
– UK policy towards Ukraine will not change even under Rishi Sunak.
-However, continued military support will increase spending and this creates uncertainty about Sunak's approach to defense spending.
Northern Ireland Protocol
- Although negotiations are still continuing, but so far there has been no resolution that can resolve the dispute between the UK and the European Union (EU).
– Sunak previously promised to push through a bill that sidesteps most of the protocol, but his priority is a negotiated compromise.
Of all these issues, what is the first step that Rishi Sunak will take after officially becoming the Prime Minister of the UK?
